Economics is the branch of social science that deals with the proper use of available resources.
When we talk about use of resources, it involves everything that can be land, building, property, manpower, etc. Therefore, study of this subject teaches students how to use these tools for the production of something useful that can be beneficial to the consumers. Students get to know about the time management skills for particular project, use of available resources, output that can be beneficially generated, and many more of such things. Economics does not aim in making the profit but it aims in use of available funds and resource to get most out of it. Thus, this subject is not only limited to financial market, rather economist are required in every field like government and non- government sectors, companies, for planning of environmental conservation etc.
This subject has two major portions micro economics and macro economics. The word micro refers to small, and this is the reason this subject educate students on dealing with individual customers, companies or firms. It provides them ideas on small scale but very basic that is needed for any improvement and development. On the other hand, macro refers to big and hence macroeconomics deals with anything in larger scale, that can be anything related to governmental and non- governmental sectors including the mass of people or the company as a whole.
This sounds interesting and yes it is interesting and exciting to learn economics, because the scope for this subject is widely extended and students have higher opportunity to get job in sector of their choice. But during their journey in the college and university, they are allotted assignments on different topics and along with so many works; they rarely get time for completion of assignment on time.
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