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Economics is very important because it is a study that affects all the people both directly and indirectly. It deals with the allocation of scarce resources to the unlimited human wants. Microeconomics studies the behaviour of indivinduals and firms ensuring they make informed decisions when making choices. Macroeconomics studies the overall behaviour on an aggregate scale and deals with issues such as inflation, unemployment, national income, GDP e.t.c. which affects the livelihoods of all the citizens of a given country.
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What is the importance of economics in the society and for students?
The importance of economics is to keep track of money that comes in, and correspondingly what goes out on living costs. This applies from one individual, to a nation's government. Did this answer your question?Tweet This Question to History, Pol
What are importance of elasticity of demand in economics?
Importance of elasticity in economics
What is the Importance of labour economics?
five importance of labour economics
What is the importance of statistics in the field of economics?
importance of statistics in field of economics
Importance of health care economics in college of nursing?
what is importance of health economics in nurses
What role in the economics of society did the trades play in Victorian England?
they played a role in what social class u were in
What are importance of elasticity of demand in economics?
Importance of elasticity in economics
What is the Importance of labour economics?
five importance of labour economics
What is the importance of economics in the society and for students?
The importance of economics is to keep track of money that comes in, and correspondingly what goes out on living costs. This applies from one individual, to a nation's government. Did this answer your question?Tweet This Question to History, Pol
What is the importance of statistics in the field of economics?
importance of statistics in field of economics
Importance of health care economics in college of nursing?
what is importance of health economics in nurses
What is the role of a valuer in society?
Valuers of property, jewellery play a pivotal role in the society, as their acts help to usher in the basic needs of common people. Thus, their importance in the society is immese.
What is the importance of managerial economics principle in modern organization?
what is the importance of managerial economics principles in the modern organization?
What is the importance of corporate citizenship?
It aims to provide the role of a certain company to the society - what are the responsibilities of the company to the welfare of the society, etc.
Despite their importance in developing a new view of the family Protestants did what?
They did nothing to change women role subordinate role in society
What is the role of Managerial economics in the economy of Pakistan?
what is the role of managerial economics in Pakistan
What is the study of how society manages its scarce resources?
Economics
