Question

The study of economics is useful for which calculation. ​

Answer 1

Economics plays a role in our everyday life. Studying economics enables us to understand past, future and current models, and apply them to societies, governments, businesses and individuals

Answer 2

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... The ultimate goal of economic science is to improve the living conditions of people in their everyday lives. Increasing the gross domestic product is not just a numbers game.

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