Economics has emerged as one of the most looks for after subjects of study in social sciences. Governments, individuals, and businesses are all faced with making choices in different situations where the resources are sparse. As a result, economics is applicable in a wide range of fields including the local and national government, law, administration, finance, business, and indeed most aspects of everyday life.
Economics is a field of growing importance as preparation for programs of advanced studies and a variety of careers. Economics is valuable for its methods of analysis and the topic it studies. The processes economists use in analyzing arguments, constructing models against available evidence develop several important skills.
Economic institutions are an important element of a larger social or political system. The economic forces influence the major changes in political and social changes. It provides a better understanding of the economic and public policy environment. Economic courses should be a fundamental part of any undergraduate course of study. The subject of economics has a speedy growth as compared to most other social sciences. The disciplines of economics touch day-to-day.