Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsEconomics : An Introduction2 Marks
Question
How the study of subject economics is useful?
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Answer
The study of economics:
While knowing impact of international phenomenon on our economy will helps in the framing of policies.To study the economic phenomenon like inflation, high tax rate, poverty, unemployment, scarcity.
It help in the decision making process of day to day life.To understand the economic monetary or fiscal policy of government.
To get the information of economic behaviour of like consumer, producer and labour as a part of economic world and to present the economic theory the study of economics subject is necessary.
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