What is the importance of studying economics?

Answer 1

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 even that , it makes us aware of lots of facts which we know earlier but have not figured out that how it implemented on ones life.

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.

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.

Answer 2

Then you can understand about the economic nature. that mean you will be full

Answer 3

It will help you understand the exploitative nature of capitalism.