Why do we study Economics

  • It helps individuals, firms, and societies in national choice making.
  • It enables us to understand our economic environment and to design ways of positively influencing them.
  • It assists the government to design and package programmes that would be beneficial to the people.
  • It guides us in the rational allocation of resources towards ensuring efficiency and avoiding wastages.
  • It encourages rational thinking and positive solution to life’s material problems.