Question

why economics is important ?​

Answer 1

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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Answer 2

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... Indeed, economics is an important subject because of the fact of scarcity and the desire for efficiency.