Question

What can people gain from understanding how economies work on the national or international level

Answer 1

So it can be concluded that people will gain knowledge of their surroundings from understanding how economies work on the national or international level. Answer: Studying macroeconomics can help individuals understand how interactions between regions, governments, and institutions influence their lives.

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Answer 2

Answer:

The national economy of a country is, in fact, based on small and medium industries. These are the fundamentals, the foundations of all national economies. There is already a change we can see in the ecosystem in Oman. Nowadays a lot of young Omanis want to establish their own businesses. This was not the case a few years ago. This increased interest in the SME sector is advantageous for Oman not just because of the contribution it can make to the country’s economy, but also for the important role it can play in bringing about job opportunities for Omani nationals.

Explanation: