Economic Calculations is an Android-based application that provides an easy-to-use platform for enhancing your financial knowledge. The app is designed for those who want to understand simple economic terms and financial calculations. The application is free of cost and falls under the category of business and productivity, specifically finance.

The app offers a wide range of functionalities such as the definition and calculation of VAT, explanation of the term "mark-up," breakeven point, profitability calculation, cost calculation, compound interest (deposit or credit), elasticity of demand, loan calculator, savings and deposit calculator, calculation of working time and cost of working time (payroll), income tax calculation, and calculation of payback period.

The app is user-friendly and provides a comprehensive understanding of various financial terminologies. The functionalities are easy to use and provide quick results. The app is ideal for beginners who want to improve their financial literacy. The developer can be contacted via email for any questions or suggestions.