Significance of Economics

1. Allows to know the basics of human needs, production, distribution, reuse and better use of resources.

2. It provides the basis for exchange of goods and services between individuals, organizations and even countries.

3. Generates systems, techniques and public policies to improve social welfare.

4. Help to set target prices of goods and services.

5. Adjust political, financial and even social imbalances.

6. Provides knowledge and techniques that prevent crises and help them out.

7. It uses econometric techniques to predict future economic conditions that could harm or benefit certain situations in ascertain place, and how to maximize the benefits and problems mystify.

8. As you can see, economics is a science that encompasses us completely.

9. To be an expert in this field you can study a university degree in economics, in this course the student will learn how the economy moves and how to generate the best social conditions.