Helps in Improving Society

Learning about economics helps to improve society by telling us how to allocate resources. It also helps you to deal with issues like unemployment and poverty. You get to know how decisions made by the government impact people’s lives. You can figure out how to make society more prosperous and equal for everybody. It also inhibits knowledge of trade and the judgments you make. This way, understanding society helps in the sensible use of resources.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *