Best Eco Teacher

• July 19, 2023
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Economics is fundamentally the study of human decision-making under conditions of scarcity. These choices may be made by an individual, a family, a business, or a society. You will notice that scarcity is a reality if you pay close attention to your surroundings. When there is a shortage, more people demand the resources, goods, and services that are accessible than there are. Resources like people, equipment, land, and raw materials are required to generate the goods and services we desire, yet they are scarce. Economic literacy undoubtedly adds to the first category of knowledge. People like contemplating and debating the economic issues that touch them as citizens, customers, workers, producers, investors, and in other lifetime roles. The ability to understand one's own economic environment and how to evaluate events that may directly or indirectly influence them is another benefit of economic literacy. A nation's ability to understand and assess important issues is improved by having a populace that is economically educated. This knowledge is crucial, especially in democracies that depend on the participation and active support of their populace.

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