Question

explain the importance of economics​

Answer 1

Answer:

Economics is important for having knowledge about economy like national income , export and import , poverty , employment etc . There is two branches of economics that is

MICROECONOMICS

macroeconomics.

Answer 2

Answer:

Economics is the important you get to know how societies, governments, businesses, households, and individuals allocate their scarce resources. The economics can also provide valuable knowledge for making decisions in everyday life. Economics is concerned with the optimal distribution of resources in society.

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