I am writing an essay for school and I am supposed to get someones opinion to this question.
2006-08-23 05:06:07 · 7 answers · asked by cak 1 in Education & Reference ➔ Homework Help
I have news for you, it has always been important. In the 1920's speculators were warned that bad investments would lead to a crash, but the warnings went unheeded. The market crashed in 1929, plunging the whole world into a depression. Threre's your lead for your essay.
2006-08-23 05:12:12 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I do not believe that understanding the economy is more important now than it was before. The difference is that we live in the information age where knowledge transfers very quickly allowing people to understand and make decisions quicker.
Having said that, previously, economy was just as important because if you look historically, you will see that economic crashes happened due to the lack of understanding and inability to change things quickly for the economy to work.
Even though one might think that the economy has changed, which in and of itself is correct. However the basics are still the same. Supply and Demand, Growth curves, Market principles are all still the same as they were 20, 30, 50 years back. For that matter that's how it's always been.
That's just my humble opinion.
2006-08-23 05:14:38 · answer #2 · answered by kettlechipsdude 2 · 1⤊ 0⤋
I would say that economy is more complicated now than 20-30-50 years ago.
2006-08-23 05:13:05 · answer #3 · answered by Flaca II 5 · 1⤊ 0⤋
It has continually been some thing it relatively is substantial. Now that plenty greater strategies is available to the frequently used public the strategies is far less perplexing to get admission to so greater human beings can study. In a nutshell, no its not greater substantial. even with the shown fact that that's needed study approximately or a minimum of have a basic understand-how of the fairly some tendencies.
2016-12-11 13:48:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Most definately. 20,30,50 yrs ago, people at least made an attempt to understand. Now most of us just day dream through our economics classes in High School, and never take it seriously. If we want to fix it, we must first understand it.
2006-08-23 05:12:26 · answer #5 · answered by adgmonkey 3 · 1⤊ 0⤋
our economy is more important now,you look at the baby boomer soon 78 million will retire thy paid their share of taxes bit will there be enough social security for them
2006-08-23 05:53:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes its a important asset.
2006-08-23 05:11:17 · answer #7 · answered by kathymorgancat 1 · 1⤊ 0⤋