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Identify and explain seven7 reasons why study Economics as a discipline?

economics essentially is the way of life and every business student must economics. Identify and explain five reasons that support the argument.


What does the study of economics include?

Economics is the study of wealth and its distribution.


Why is it necessary to study economics?

Because Economics is a Study of Body of Knowledge.


What is the study of economics an important exercise?

why is the study of economics an important exercise


What is the discipline of economics concerned with individual units?

Microeconomics


What is study of economics called?

It is called economics


Is economics the study of money true or false?

False. Economics is not solely the study of money; it is a broader social science that examines how individuals, businesses, and societies allocate scarce resources to satisfy their needs and wants. While money is an important aspect of economics, the discipline also explores topics such as production, consumption, and distribution of goods and services, as well as the behavior of markets and economic systems.


Fundamental concepts underlying the discipline of economics?

Scarcity and Choice


What the study of how wealth is created and distributed?

Economics


How long have we had the study of economics?

but the study of economics dates back only a few hundred years.


How schould my study in economics?

In economics you will study how to work in the financial districts and learn how to manage money.


Why is philosophy regarded as the mother of all discipline of study?

why is philosophy regarded as the mother of all discipline of study