Question

What is the main purpose of economics?

Answer 1

Answer:

1. Some people study economics because they want to make money.

2. Others feel that they will be half-educated or even illiterate if they do not understand the laws of supply and demand.

3. People in general are also concerned to learn how current economic problems, such as recessions in major industries, high price of oil or balance of trade problem or debt servicing problem, will affect their lives—now as also in future.