What is one way that economics can influence your daily life?
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Studying economics helps people to know how to maximize the use of scarce resources in order to achieve their daily desire and as well economics study also helps one to know how to effectively manage time.
This is because time is a resource which when used effectively may make one make one to do which may contribute positively to one's life.
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Economics influences are daily lives in numerous ways, for instance money.
Money is what allows us to buy and sell things.
It is the convenient alternative to barter system.
However the decrease or increase in the value of currency of one country in respect to another changes the costs of daily use products, for instance petrol.
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