Why study economics

Why study economics

More world leaders have an economics degree than any other type of degree. Discuss how the study of economics has helped you understand the world around you and how the knowledge of economics can be used to better the world. Also discuss how, with your knowledge of economics, you can profit in order to help better your life, your family’s life, your very close friends, or your community.

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Economics is the study of the scarcity and how people respond and use the resources that they have. In most cases, it involves wealth and finance, and it ranges from very small to large. It affects how people make their choice in…
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