Why should a person study economics ? Say in ur own words
Answers
Answer:
An economics course will teach you the fundamentals you need to decipher the graphs you may associate with a typical economics course, as well as the tools to develop a successful business strategy. But, how can you know if studying economics is right for you?
If you’re asking yourself this question, consider the learning outcomes of various economics programs and how they compare to your personal and professional goals.
WHAT IS ECONOMICS?
At its core, economics is the study of how individuals, groups, and nations manage and use resources.
Economics can be broken down into microeconomics, which looks at individual decisions, and macroeconomics, which is concerned with the economy as a whole. Both types of economics utilize historical trends and current conditions to inform business decision-making and make predictions about how markets might behave in the future.
WHY STUDY ECONOMICS?
Students who choose to study economics not only gain the skills needed to understand complex markets but come away with strong analytical and problem-solving skills, as well as the business acumen necessary to succeed in the professional world. In fact, economics can be useful for professionals in all industries, not just in business.
Explanation:
The study of economics helps people understand the world around them. It enables people to understand people, businesses, markets,and governments ,and therefore better respond to the threats and opportunities that emerge when things change.