Quote from: DevilSlayer on August 13, 2020, 01:10:25 PM

Quote from: Triffin on August 13, 2020, 11:02:17 AM

Quote from: Fantastic33 on August 12, 2020, 11:49:14 AM

We use economics on our everyday life. It affects almost everything. A good example of this is our daily spending or how much we will pay for a particular goods or services depending on its demand. Economics also gives us idea about how our economy runs, inflation rates, job opportunities, etc.

Economics has good scope if you study economics you can get a good job easily. In other marketing jobs to become a creator an investor you must have ideas how much amount need to spend and how much to save then you will know the profit ratio. In this way economics has important role in every businessman’s Life. Economics teaches us financial controls and help us to improve our profit making skills by giving you ideas about business and profit making so economics is a good subject to study in universities.

Studying economics in universities is important especially right now where we still experiencing pandemic, many people are wondering why the essential items right now like face masks, face shield, ppes and other more equipments and materials are now expensive. If we understand the whole concept of economics, not only the demand and the supply we can understand but the major concepts of it. We can use it not only in job application related but to become entrepreneur.

The main concept of economics is what happening to our society, the exchange of goods of each individual, that's economics. So obviously, having an economics subject in universities is necessary for them to understand how does market works and to know the value of your work soon.

Our economics is very different because we're taking Engineering Economy, which is kinda more difficult than the normal one. And because of economics, I learned a lot about market and applied those learnings in this forum too. One of the basics is supply and demand and even a simple circle of friends, it does happen when you're selling something limited.