Why is it important for young people to understand how the economy works, especially during a crisis?
Answer (1)
Understanding how the economy works helps young people make informed decisions about money, work, education, and their future. During a crisis, those who understand terms like inflation, unemployment, savings, or stimulus can better adapt to challenges. For example, a student who knows how to manage a budget or start a small business is more prepared to help their family during hard times. Economic knowledge also helps young people participate in conversations about policies that affect their lives. It empowers them to become responsible citizens, smart consumers, and future leaders who can help prevent or solve future crises.
