The economy plays an important role in your daily life. Studying economics allows you to understand past, current and future models. You can apply them to individuals, businesses, societies, and governments, businesses.
Why is the economy important in society?
Economics provides a framework for understanding the actions and decisions of businesses, individuals, and governments. In addition, it offers a method to understand the relations in a market-driven society. Thus, it provides a way to analyze government guidelines that affect the jobs, families, and lives of citizens.