Purpose and types of Economic Research
- An unambiguous economic research is necessary for undertaking sound economic policies for enhancing a stable and non-inflationary growth and for coping with various risks under swift integration of our economies.
- There are two types of purposes: Absolute and Relative purpose. Further, Relative purpose is of two types i.e individual (or personal) and collective. Knowledge creation is the main purpose of both Collective and Individual purposes of Economic Research.
- Individual purpose is related to the researcher’s personal perception reasons for doing research. These may or may not include the desire to improve another people’s well-being.
- Collective purpose is related to a group of individuals and humanity supports economic research activities. Collective and individual objectives have one common characteristic – improvement – achieving a more desirable state of the world than the current state. An Economic Researcher prefers more economic knowledge than he currently has. In the world of incomplete knowledge, economic research is needed to discover the necessary knowledge that will move the world to a more preferred state.
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How we support you?
- Undertake macroeconomic policy review and analysis as well as provide advice for the effective management of the economy.
- Conduct research on relevant macroeconomic issues affecting the economy.
- Produce relevant reports on the economy.
- Disseminate information on relevant macroeconomic issues.
- High-quality research is undertaken to ensure that the unavoidable challenges are coped in a better way.
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