State the importance of economics
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Posted by Sanchi Jain 5 years, 4 months ago
- 2 answers
Meghna Thapar 5 years, 4 months ago
Economics is the important you get to know how societies, governments, businesses, households, and individuals allocate their scarce resources. The economics can also provide valuable knowledge for making decisions in everyday life. Economics is concerned with the optimal distribution of resources in society. Economics is important for many areas of society. It can help improve living standards and make society a better place. Economics is like science in that it can be used to improve living standards and also to make things worse. It partly depends on the priorities of society and what we consider most important.
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Punit Saharan 5 years, 4 months ago
1Thank You