Purpose and types of Economic Research
- Detailed research is necessary for forming sound economic policies enabling stable and non-inflationary growth, and for coping with various economic risks
- There are two types of purposes: Absolute and Relative purpose. Relative purpose divides further into another two types, individual (or personal) and collective. Obtaining knowledge is the main purpose of both Collective and Individual purposes of Economic Research.
- Individual purpose relates to the researcher’s personal perception of the reasons for their research. These may or may not include the desire to improve another person’s well-being.
- Collective purpose relates to a group of individuals supporting economic research activities. Collective and individual objectives share one common characteristic – improvement, or achieving a more desirable state of the world. An Economic Researcher prefers seeks to expand his economic knowledge. In a world full of misinformation, accurate economic research is necessary in order to improve quality of life at a global level.
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How can we support you?
- Undertake macroeconomic policy review and analysis in order to provide advice for effective economic management.
- Conduct and disseminate research on macroeconomic issues affecting the economy.
- Produce relevant economic reports.
- Ensure that unavoidable challenges are coped in an informed manner.
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