Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Do you think the study of economics is necessary in a situation of abundant resources?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mataracy, post: 116674, member: 28733"] To me personally it is very necessary to study economics in the face of abundant resources in the sense that; if the abundance resource is not well economize and manage it may be waste without meeting any needs of people. We study economics for the following reason. (1) It enables us to think. We are able to apply its principles to solve practical issues or problems and thus avoid unnecessary and costly mistakes. (2) The study of economics enables the individual yo understand better the relationship between himself and his fellow human beings in his effort to make a living. This may have a statutory effect on his personal progress. (3) It is the aim of economics as a discipline, to build up a body of principle and to furnish the economist with the tools of economic analysis that will enable him not only to understand current economic problems but also to see the economic consequence of pursuing a particular line of policy. The study of economics, therefore enables us to detect and point out the merit and demerit of any government policy with regard to the community. (4) The study of economics enables the individual to make right decision on the spending of his money. It does not make him a miser; rather, it enables him yo ensure that he derives maximum satisfaction from the money he spends on any thing. (5) The knowledge if economics also help us to give practical advice. Since society is face with the problems of scarcity and choices. Do we really need to be studying economics in the face of abundance? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Do you think the study of economics is necessary in a situation of abundant resources?
Top