Why economics is very important? Top five reasons to study economics:
WHY IS ECONOMICS VERY IMPORTANT? In today's world economy has become an extremely useful subject and has acquired great importance in the last few decades. Economics is very important in society because everyone faces market problems and personal finance . To deal with this problem we will discuss what economists believe about problems of daily life and the reasons why we should study economics. WHAT IS ECONOMIC? Economics, at its very heart, is the study of people. It seeks to explain what drives human behavior, decisions, and reactions when faced with difficulties or successes. Economics is a discipline that combines politics, sociology, psychology, and history. When you study economics you gain a toolkit of skills, approaches, and ways of thinking that you can apply to a wide range of problems. Economics is one of the central disciplines underpinning the study of business and management and public policy. USEFULNESS OF ECONOMICS Economics has become an extremely useful su...