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Is the study of economics still relevant today?
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[QUOTE="Jasz, post: 206433, member: 61772"] The study of economics is crucial to the development of financial and economic policies of a country. I argue that it remains relevant today as an academic discipline as well as a practical science The study of economics encompasses our social relationships with one another, goods and services, and natural resources. Economics provides a powerful analytical tool that can be used to identify problems and develop plans to solve them. It also is used to create systems that make our lives better socially, personally, economically and environmentally. Today we find ourselves in a world where economics may not seem relevant to us on a day-to-day basis but in reality it is. Like the study of any other discipline, economics seeks to understand and explain the world around us. Economics is interesting because it does not dictate what should happen, but instead explains what does happen. Economics is a unique way to see the world. It can help you understand current events and predict future trends. The study of economics has become more important in our daily lives today, as the global business community is increasingly connected, a rise in interdependence among individuals is occurring. Organizations are becoming more complex and fast-paced, necessitating changes in the ways that organizations are managed. Globalization , which is characterized by interaction and integration of people, products and ideas across national boundaries, enables individuals to draw on skills from around the world for competition and for collaboration. Technology enables globalization to occur. [/QUOTE]
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