2. It is useful
To make everyday economic decisions
For your professional carreer
For your personal affairs
3. To make wise economic choices
To gain wise insights into real world economic
problems
4. All aspects of a coutrys economy such as, how
the coutry uses its resouces, how much time
labores devote to work and leisure
The effects of taxes on a population
Why businesses succed or fail.
People who study economics are called
economists.
They seek to answer important questions about
how people,industries and countries can
maximise their productivity.