I am really confused about theories in economics and accounting. I understand the basic concepts but struggle to apply them to real life examples and case studies. Does anyone have any tips to make theories more practical and understandable?
Find current examples in the newspaper or online. Many business theories are still relevant today. Read business articles to see the concepts at play in the real world.
Don’t worry too much about memorizing intricate details and formulas. Focus on understanding the core principles and how to think through problems from multiple angles. The practical application will come with time and practice!
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