Question

How does economics affect everyone?In what ways do you think economics has an impact on people? To begin analyzing this question, think about a typical school day, and list your major activities, including eating, after-school or evening activities, going to work, traveling to and from these places, and entertainment. For each activity, write down whether or not you think economics affected what you did.

Answer 1

Economics has an enormous effect on the daily lives and wallets of all people, even if they aren't actually involved in economic studies. The principles of supply and demand play out every day for people making purchasing decisions on goods and services as well as in them keeping or finding employment.

Step-by-step explanation: