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Economics

Reasons why they recommend the study of economics to a business student?

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December 04, 2010 2:07PM

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.