Why is it important to study economics even if you are not planning to work in business or finance?
Answer (1)
Studying economics helps us understand how the world works, not just in business but in everyday life. It teaches us how to make smart decisions about money, time, and resources. For example, if you know about opportunity cost, you’ll think twice before spending all your allowance on a new online game instead of saving for a school project. Economics also helps us understand why prices rise, why some people lose jobs, or why the government collects taxes. These are real-life issues that affect everyone, not just businesspeople.
