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Economics: Role of Economics in Daily Life Management Essay (Essay Sample)


Prepare a one page report where you tell us:
Why economics is important to you?
What you can learn from the study of economics?


Economics: Role of Economics in Daily Life
Institutional Affiliation
Economics: Role of Economics in Daily Life
Adam Smith published a landmark thesis on how economies should operate as opposed to how they work. From this work, Smith is widely considered today to be the father of modern economics. The science of economics explains the production and consumption of goods and services. From Keynes’ theories that are still relevant and highly applicable in managing monetary policies in the Federal Reserve to applications of economic principles in personal life, the science of economics is important in our lives particularly in making critical decisions. Economics plays a role in my life as I can know how governments, societies,

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