IMPORTANCE OF STUDYING ECONOMICS

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IMPORTANCE OF STUDYING ECONOMICS

Economics is not just Production or Demand and Supply it is what we use in our daily life. From purchasing vegetables in market to trading in stocks, from budgeting monthly household Income and Expenses to Planning and Managing Yearly Finance Budget of India, Economics is everywhere. It is always beneficial for any student or we can say for every person to have knowledge of Economics.
Studying of Economics cultivates the problem solving, analytical, communication skills in Students that are necessary to sustain in today’s competing Market. Economics is also a best field students can choose to make their future as we know that economists give advices to Prime Minister and their committee which is used in necessary economic decisions. Economists provide businessmen key insights how to make a product by constructing their desires, also in the same way economists helps Service Providers in their business.
Basically, Economics is not only understanding Human Behaviour from Local, Regional and National level but making Initiatives that can have social and economic impact which will help in Economic and Social Growth of Country and its Peoples.

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