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For instance, suppose you want to examine how COVID-19 has afflicted the hospitality sector. In that case, you could pick out both a representative case, such as a big resort chain, or an outlier case, like a tiny Bed and Breakfast that has managed to survive the pandemic.

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Having sound understanding of economics permits college students to comprehend the principle of equilibrium underneath a variety of current market situations. Here are some different types of economics which are majorly studied in College degree systems.

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