Economics is studied by students all around the world and it has become a course which is taken for university majors as well. In the world of rising inflation, unemployment, and exchange rates, the subject of economics holds enormous importance. The study of economics includes using resources in an efficient way. The world in which we live comprises limited wealth, resources as well as time. Economics is about making choices. We use economics in our daily lives.
With limitations, we have to make choices and choose alternatives in an efficient way. When we go out shopping we think about whether we should buy clothes, watch a movie or eat delicious food but with a limited amount of money, we have to choose one of these things. […]