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1. Economics:
Meaning and its
importance

2. Introduction
We'll discuss why it's important to learn about
economics. There are numerous reasons why a student
might opt to pursue a major in any field. The reasons
behind these choices stem from various factors, from
family backgrounds to social environment or in pursuit
of a particular work or a passion. Whichever the reason,
it's essential to have an understanding of the
fundamentals of economics.
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3. Importance of Economics
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4. 1. Economic forecaster
A forecaster of economics could predict the rates of
unemployment, inflation, or a deficit in the fiscal
system that are aggregated as well as in a disaggregated
manner and an economist who is in contact with other
institutions could forecast for private sector banks,
companies and international organisations.
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5. 2. Economics experts know about
unemployment
A person who is an economist might define
unemployment as a portion of the workforce that is
actively looking for employment.
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6. 3. Economists can earn a very lucrative
job
A major in economics can lead to many different
positions. One such job is a market researcher in which
they have to utilize skills such as graphic representation,
statistical abilities as well as a critical and analytical
thinking. A different one is an economic consultant
required across various industries including finance,
government health, education, and business.
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7. 4. You will be able to understand the
market dynamics
The choice to study economics can assist you in
understanding the market's dynamic. Market dynamics
are the factors which affect the market.
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8. 5. Capable of making a sound decision
about your personal spending
There's a popular belief that economists aren't generous.
They are really trying to make sound economic
decisions. Being able to master this field will broaden
your thinking.
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9. 6. How to maximize your rapid cognitive
processing
The degree in economics, as we mentioned earlier, will
enhance and expand your thinking abilities, making you
efficient in your thinking process.
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10. Thanks!
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