How Does Economics Affect Our Daily Life

1100 Words5 Pages

When the second term started, I generally feel a little strain to substantiate the study of economics. Students come up asking things like, is it hard? Is it interesting? What can we get though it? It’s tough to know what to say, but to get individual excited about economics, it's great to try and figure how economics can be applied in daily existence. Some of this is quite recently sound judgment, but economics can put a theory behind our everyday actions. My experiences in this subject were full of side-splitting, awe-inspiring, and mind-blowing moments. From the first day to the very end of our class discussions, I have learned and assimilated a lot of significant ideas, important concepts, useful theories and life-long learning about this subject. …show more content…

Thank you so much Sir! Continue to hone young minds and be a candle that gives light on their ways. Oh! I may sound emotive and ticklish in this sentiment, but let me go to the focal point of this paper. I am so grateful to the way that even this subject was introduced in my secondary school year, I understood that my learning was insufficient, and this time I got a deeper understanding about what economics really is in our lives. Economics affects our day to day living in both apparent ways and more elusive ways. Our lives are affected by economics in the way that we work, eat, spend money and live on a daily basis. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are likewise impacted by more extensive monetary patterns, for example, inflation, financing costs and economic growth. Force we have little control over but can change our

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