Economy, asked by Tarpalecheetori, 1 year ago

a person studying economics can make better choices about phrases if that person understands

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Answered by pawan9671
0
The study of economics may help you make better decisions. ... If you study economics, you will learn how supply and demand affect things such as price, wages, and the availability of goods.A person studying economics can make better choices about purchases if that person understands consequences of an economic theory.  
Economic decisions always throw up a variety of results which may be unexpected.  
An economic theory expected to give maximum output may give least productive results and vice-versa.  
This is one of the chief reasons that Adam Smith called economics a natural science.

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