Question

Why do we need economics in our life.

Answer 1

economics is essential due to following reasons!
1.economic values are essential for smooth running of a country.
2.economics helps to determine countrys development and also helps the government for realising which sector is weak.
3.economics also facilitates various programmes for the poor.
hope this helps!
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Answer 2

Economics affects our daily lives in both obvious ways and more subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by broader economic trends, such as inflation, interest rates and economic growth. Force we have little control over but can change our lives.

I hope this helps........
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