Saturday, September 29, 2018

Making decisions in everyday life

 what is economics to me before 1st trimester and after 1st trimester? 

    Economics is a study of how scarce resources are used in a society and how they are utilized. And it is divided into two parts :-
1) MICRO ECONOMICS
2) MACRO ECONOMICS
             Before attending economics classes of my 1st trim that is the idea I have on what is economics? But now to me what is economics means making decisions in everyday life. Economics is involved in our daily life activities. we can relate economic concepts with each and every activity we do in our day to day life. Right from  choosing to have coffee or tea in the morning to having dinner in a restaurant. Right from  buying clothes in discount sale to consuming your favorite ice cream in large quantity. Now am able to relate the topics with real life events. I learned different things in economics probably the real economics. And am sure there is lot more to learn. 

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