21. What are your reasons for studying economics ?

 Economics is an important subject to study the problem of an economy. Marshall says, 'Economics is the study of man in the ordinary business of life'. When we buy goods to satisfy our wants we are consumers, when we purchase the goods from the market they are sold by the seller. The goods and services are produced by the producers or manufacturers. Services are provided by the service holders. All these activities are closely related to human life. These activities are ordinary business of life. Economics studies the economic and productive activities which affect the human life. We have limited resources which have alternative uses. The same resources can be used in production and consumption both. We study economics to discuss the problems of production, distribution, consumption, welfare and standard of living of the people.