Economics is the social science that studies the production, distribution, and consumption of goods and services. we studied economic so that we can do something and contribute something to the economy and help it. there are 2 types of economics. mircro and macro..... micro - deals with individual macro- deals with the world. Recession is bad thing to many people. i think the world is facing a recession. it is a bad time to get retrenched. i hope there will be a scheme to help those retrenched people so that they will not be so bad. hope everything will towards the good one. we must be patient and at the same time, try to to save some and spend too so that we will boost the economy. not only that, we must try to be more careful with what we spent on so that we will be spending on necessary things and our wants. try to be more alert as the economy may turn towards worst but hopefully it will not so that not many people will be affected.
Economics is important, useful in our daily life. it can help us with a lot of things, we know how to deal with the money we have be it in our pocket, savings or somewhere in the circular flow.
We must make sure that we are able to understand it well. At this moment, I do not know how to continue with it and comment on this essay. The thoughts I had now had been written down. To be continued