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It is important because it is the study of the history, the present and the future of our daily lives in regards with the economic status and happenings of the world.
A:Economics is basically called the "QUEEN SUBJECT " of all subjects of Social Sciences . Economics is one of the most useful of all sciences,because it make us aware of how thing are exchanged, flourish,and survive within multiple markets. Not only that, it makes us aware of lots of facts which we knew earlier but have not figured out that how it implemented on one's life. A:Economics is about choice and is at the heart of all decision making individuals, businesses and governments are all faced with making choices in situations with resources and scarce.economics is valuable not only for the topics it studies, but also for its methods of analysis.
A:Economics provides you with the knowledge and insight necessary to understand the impact of developments in business, society and the world economy. It enables you to understand the decisions of households, firms and governments based on human behaviour, beliefs, structure, constraints and need. The study of economics does help you to understand various aspects of finance but Economics is also about choice, scarcity, opportunity, and the impact of decision making on aspects of society. It is important to study economic because that way you learn how to use your money when buying new stuff like cars, house, clothes, goods, etc. When you get more information you also learn how money affect people in some way. For a lot of people money is everything and stands above love, family, and friends, they haven't realized that money is also killing us by becoming selfish and tearing family apart because of them working more hours than they should just to earn more money.
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What is the study of economics an important exercise?
why is the study of economics an important exercise
Justify why it is important to study economics?
It is important to study economics so that you understand the market. You need to understand why you pay what you do for the things you value.
Why is the study of economics important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
How does the study of economics depend upon the phenomenon of scarcity?
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
What are the advantages of studying economics?
Economics enables us to understand money, its behaviour , and importance. Economics makes a nation prosper, and makes a person educated in a real sense. Economics is defined as a science of money and money being the most important factor in modern man's life it is most important to study.
What is the study of economics an important exercise?
why is the study of economics an important exercise
What the study of economic an important exercise?
why is the study of economics an important exercise
Justify why it is important to study economics?
It is important to study economics so that you understand the market. You need to understand why you pay what you do for the things you value.
Why is the study of economics important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
Why is the study economics important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
How does the study of economics depend upon the phenomenon of scarcity?
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
What are the advantages of studying economics?
Economics enables us to understand money, its behaviour , and importance. Economics makes a nation prosper, and makes a person educated in a real sense. Economics is defined as a science of money and money being the most important factor in modern man's life it is most important to study.
Why the study is important?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
Is it important to study economics as a business student?
yes, it is important to learn economics because it is also one of the main subjects as well
How important is the study of economics?
Economics is how we as humans efficiently allocate scarce resources. These resources can be something as basic as food or something as immaterial as information. And because everyone needs to eat and have shelter, and economics is the study of how we allocate those things, economics is a very important subject.
Why is marketing important in an economy?
the study of economics is important because with out it we wouldnt have undersant the impact of develoment in business
What does the study of economics include?
Economics is the study of wealth and its distribution.
