how does economy help us and how does it affect our daily life???

Answer 1

Economics is not about money. It is about making decisions at the time of scarcity.
all the decisions that we make is the result of economic factors.
like u have Rs. 10, what should u buy- a pen or a chocolate. it depends on the situation. whatever u need the most, u will buy that. this is called economic decision making.
it can predict the future for a product in the market.
it studies the factors of price rise and how the govt. controls it.
the change in price determines what and how much quantity of a commodity should be bought in a given amount of income.

Answer 2

That is such a huge question I can only begin to answer it.

The economy includes a description of every system that gives you any resources, including food, water, shelter, energy, clothing, transportation, employment, information, entertainment, and education, etc.

An economy of some sort will always exist wherever there is a community of people.

"The" economy can mean your city's economy, your state's, the nation's, the world's, or even your household economy. It describes your interactions with sellers, clients, employers, utilities and the government at various levels.

Everything external (ie, not love, religion, or walking alone somewhere) was brought to you by the economy in some way.

Answer 3

Well for example, by not helping you with your homework question you're going to be smarter by finding out on your own. This would help our economy because it would make people smarter but people find places like yahoo answered to have their homework done for them so they end up being stupid which affects our economy.

Answer 4

Did u calculate ur expenses daily?

Answer 5

if the economy is high,ever thing cost more,so we are less well off

Answer 6

"it takes two economists to replace a light bulb -- one to change the bulb, and one to forecast how long it will last."

here you'll find something interesting.