Question

Importance of Economics?​

Answer 1

Answer:

Economics is important for many areas of society. It can help improve living standards and make society a better place.Economics is like science in that it can be used to improve living standards and also to make things worse. It partly depends on the priorities of society and what we consider mostimportant.

Answer 2

Answer:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.