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?
- While diluting an acid, why is it recommended that the acid should be added to water and not water to the acid?
- Why does dry HCl gas not change the colour of the dry litmus paper?
- Why should curd and sour substances not be kept in brass and copper vessels?
- What are the several types of physical changes? Melting, Freezing, Evaporation, Condensation, Sublimation, Deposition.
- What is the Big Bang Theory?
- What is an ecosystem?
- What are the differences between an atom and a molecule?
- What is cloning?
- What is a magnet?
- What is the greenhouse effect?
