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Is the study of economics still relevant today?
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[QUOTE="PICKFORD, post: 207267, member: 37913"] It is 100% true to the study of economics is still relevant today when I was in secondary school I was taught that human wants are numerous and because of these man has to make choices and the cause of making these choices we have to make the right choices and the only way we can do this is if we have the study of economics. Economics teaches us what sector of the economy we should focus attention on building. economic also offer help to the government sector on areas of natural resources, capital formation, growth of population, technological development, and social and political stability. Economics talks what political ideologies is best suitable for a particular country. like Nigeria we practice mixed economy and with the help of economics we are able to know how to spend our money the right way, one of the best topic about economics I love is the concept of demand and supply which is still have been applicable even till this time even in areas of budget preparation economics help both the government and private individuals to know how to budget their income in the government sector specifically it helps the government an aspect of what to produce how to produce and for whom to produce and what exactly they should produce to [/QUOTE]
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