Why do we need to study Economics?
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Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. Our discipline has two important features. ... The study of economics can also provide valuable knowledge for making decisions in everyday life............
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Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. Our discipline has two important features. ... The study of economics can also provide valuable knowledge for making decisions in everyday life. Therefore,their is a need to study economincs.
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