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Why knowledge of economics has not spread from the economics profession to the average reasonably well educated person?
In my opinion, as an economics student, the reason is that people find economics confusing and difficult. In order to truly appreciate economics a person must enjoy math and be a graph oriented person. Even though economics is incredibly useful in everyday life, people have the impression that economics is too difficult and is only necessary if one is going into business or government. People connect economics to things like accounting, where it is much simpler to ask for help than to learn it yourself.
What else can I help you with?
What are the advantages of studying economics?
Economics enables us to understand money, its behaviour , and importance. Economics makes a nation prosper, and makes a person educated in a real sense. Economics is defined as a science of money and money being the most important factor in modern man's life it is most important to study.
Why is it that most countries with fairly free governments seem to have fairly prosperous economics?
Educated, skilled, well informed and competent people are best able to make an economy function well, and they are also the kind of people who are most likely to insist on political freedom.
What is a prospectus in economics?
In economics, a prospectus is a formal document that outlines the details of a proposed investment or project, typically used by companies when they seek to raise capital from investors. It provides essential information about the investment opportunity, including financial statements, risk factors, and the intended use of funds. The prospectus aims to inform potential investors and help them make educated decisions about whether to invest. It is often required by regulatory authorities to ensure transparency and protect investors.
What is interdependence between micro and macro economics?
Micro-economics needs the help of Macro-economics.for example,the sale of a firm not only depends own it price but also the total purchasing power of the commodity.the value of profit or a firm depend on aggregate demand.national income and general price level.Similarly,the help of micro-economics is inevitable for macro-economics.For example,nation output and income are the sum the income of income of millions of individuals and numerous firms respectably.Hence,the theory of the study of individual units and aggregate are both equally important.To conclude in the words of P.A. Samuelson,"There is really no opposition between micro-economics and macro-economics.Both are absolutely vital.You are less than half-educated if you understand the one while being ignorant of the other.
Specialization of the labor force causes workers to become?
Better educated.
What is a reasonably and educated guess based on what you know and observe?
Hypothesis
How old do you have to be to read books by HG Wells?
About twelve, if you're reasonably educated.
Where was Steven A. Burd educated?
Earned a BS in economics from Carroll College in 1971, and in 1973 he earned an MA in economics from the University of Wisconsin,
Where was Peter Brabeck-Letmathe educated?
University of World Trade, degree in economics
How was Tiger Woods educated?
Tiger Woods attended the Unversity of Stanford, on a golf scholarship. He majored in economics.
Where was Louis C. Camilleri educated?
University of Lausanne, Switzerland, degree in economics and business administration, 1976.
What is a good sentence for profession?
My profession was in the business of realty which was highly appreciated by my parents ten years later when I became very wealthy and educated from the career Please tell me what you think in the askers comments
How does economics help to improve the world?
it is really that, when you be educated it contributes to increase in literacy rate which contributes to economic development
How can education help address environmental challenges?
if we are educated we will get more knowledge
What hypothesis must be what?
An educated guess formed by the knowledge that you currently posses.
Who is the most educated president in the world ?
Manmohan Singh of India is most educated presidntBA (Hons) in Economics 1952; MA First Class in Economics, 1954 Punjab University, Chandigarh, IndiaFirst Class Honours degree in Economics, University of Cambridge, St John's College, Cambridge (1957)Senior Lecturer, Economics (1957-1959)Reader (1959-1963)Professor (1963-1965)Professor of International Trade (1969-1971)DPhil in Economics, Nuffield College at University of Oxford,(1962)
What is the example of lexicon?
The lexicon of a certain profession employs a number of words that are germane to the profession such as military terms ( acronyms and slang ) or medical terms that mostly only those trained and educated in that profession would be familiar and comfortable with . See patois definition below .
