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Economic Consulting: What it actually means?
Economic consulting applies economic theory and quantitative techniques to practical business, policy or dispute questions where decisions must be transparent and defensible. Typical assignments include competition and pricing analyses, regulatory impact assessments, damages quantification, public investment appraisal and labour-market studies. Consultants build and stress-test models, examine market behaviour and present conclusions in a way that courts, regulators and boards can understand. Organisations use this when the stakes are high and judgement alone is not enough. The value is credibility: it reduces the risk of challenge and supports better decisions.
