Give the merits of Economics in our studies?
Answers
The study of economics helps people understand the world around them. It enables people to understand people, businesses, markets and governments, and therefore better respond to the threats and opportunities that emerge when things change. Economics majors are well-positioned in an ever-changing world because they have problem solving and analytical skills that allow them to succeed in variety of career paths—law, risk management, actuary, finance, foreign affairs, public administration, politics, policy analysis, health administration, entrepreneurship, market analysis, journalism, and unknown careers of the future.
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Answer:
The advantages of a market economy include
1. increased
2. efficiency
3. productivity, and
4. innovation
It helps people understand the world around them and stay well-positioned in an ever-changing world because they have problem solving and analytical skills