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Economics is a study of choices exist results from unlimited wants and scarce supply. It basically explain how household, firms, government and international sectors operate in goods market, money market, resources market and treasury market.
Business student basically involve with the study of management which is part of firms operation in both goods market and resources market in economics.
In other words, management and business are subset to economics.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoAs a business student, you have to know the meaning of Economics.Which is the science of scarcity. it will help the business student to choose between his resources which have alternative uses b'cos resources are scarces.
AnswerAs a business student, you have to know the meaning of Economics.Which is the science of scarcity. it will help the business student to choose between his resources which have alternative uses b'cos resources are scarces. AnswerAs a business student, you have to know the meaning of Economics.Which is the science of scarcity. it will help the business student to choose between his resources which have alternative uses b'cos resources are scarces. AnswerIt helps him to choose between resoureswhich have alternative uses.Wiki User
∙ 16y agoA business student should have a general understanding of all of the business disciplines, accounting, marketing, management, etc, and, yes, economics. All of these areas interact in the business world, so you need the knowledge to have a better understanding.
Wiki User
∙ 11y agothe reason why student should study eonomic is it help you understand the work of economics
to get to know the use of un limited resource
to get to know the use of giving the need to public than want
Wiki User
∙ 15y agobusiness students can know more
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