Importance Of Studying Economics In Secondary Schools

CHAPTER ONE INTRODUCTION 1.1      Background of the study Economics is a social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants. Economics is concerned with human behavior such as how people earn their living and make a choice between alternatives to satisfy their wants. It focuses on the study of firms and the government whose activities are geared to the production of goods and services for the satisfaction of human want since economics is concerned with human behavior. So economics is a social …