Intellectual values
Study of economics sharpens the intellectual values .It helps to understand the
Economic problems. A student of Economics observes closely the human behavior
in the ordinary business of life and derives results after analyzing facts
Educational Benefits
In the present times the education of a person cannot be complete with the
study of economics what ever is happening around us has economic importance
even highly qualified person without the study of economic cannot fully
understand the economic problems
Useful information
By studying economics we get useful information. With the study of
economics National and international economic changes cannot be understood. To
understand the economic problems e.g. Inflation, Economic depression,
un-employment. Low level of National income ,Low per can capita income ,Unequal
distribution of wealth and disequilibrium in Balance of payments ,Study of
Economics is compulsory .
To understand the working of
economic system
With the help of economics we are able to understand how economic system works
and what are the basic problems of an economy i.e. what to produce, how to
produce, how much to produce and for whom to produce
