1.
Career Preparation:
Economics is an extremely practical field, and a
major in economics is excellent preparation for careers in business.
2. Production with scarce
resources:
A business student will be a businessman. Without
the knowledge of using scare resources a businessman can’t high production.
1. Understanding of money:
A business must have an understanding of money and
its use.
4.
Demand and supply:
Creating the difference between demand and supply,
knowing how demand and supply work is important to a business student.
5. Market reaction:
A business student has to know the market reaction
towards a product.
6. Maintaining balance:
Maintaining a balance in analyzing things at micro
and macro level has to know by a business student.
7. Realizing condition:
A business student must realize the condition of
our business at different time intervals.
8. Economics knowledge is
useful at a personal level:
Learning about interest rates, exchange rates,
economic indicators and equity markets can help a business student make better
decisions about investing and obtaining mortgages.
Finally, we can conclude that Business student
basically involve with the study of management which is part of firms operation
in both goods market and resources market in economics. In other words,
management and business are subset to economics.
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