Q. Why economics is important?
Top Answer
Solution:
Economics provides a framework for understanding how societies function, how resources are allocated, and how individuals and businesses make decisions. This knowledge is essential for making informed decisions about our own lives and for shaping public policies that promote the well-being of society as a whole.
Related Links
- What is the full form of MRP?
- What are substitutes goods?
- What is a monopoly?
- What is inflation?
- Why economics is important?
- What is GDP?
- What microeconomics?
- What macroeconomics?
- What are the branches of economics?
- Who is the father of economics?
- What sport is known as the “king of sports”?
- Why does a democratic country need a Constitution?
- How many weeks in a year?
- Which country hosted the first Commonwealth Games?
- In which year was the word secular added to the Indian Constitution?
- What are the 3 objectives of a secular state?
- What is the meaning of untouchability?
- What is the meaning of secularism?
- Differences between an Acid and a Base
- Suggest three ways to conserve water.
