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Is the study of economics still relevant today?
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[QUOTE="TOZZIBLINKZ, post: 217491, member: 37528"] Because economics is a social science which covers different aspects of human life and also answer some of the financial monetary and governmental related questions we tend to ask in the cause of handling , managing and using money I would say it is still relevant today . That is why in schools , college of education , and universities etc . The teaching of economics is regularly taught today . This is to fully equipped the next generation about how the society works , and how they should cope in the allocation of scarce resources in the satisfying of the numinous human wants and need , also which type of political ideology or economic system is best suitable for a particular country , and finally economics provide advice in the areas of foreign and international investment or trade . What about the banking sector ? , With the study of economics we are able to know more about the banking sector . Like what exactly it will take the government in making the operation and services of the bank sector more effective and appreciated by its citizens . and also as private individuals the study of economics has teaches us the " scale of preference " which entails how we can satisfy our want and need in order of relative importance which is still practice up to this day . [/QUOTE]
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