Answer :
Final answer:
Economics is essential for addressing global challenges and making informed decisions. Understanding economic systems helps shape individual and societal well-being.
Explanation:
Economics plays a crucial role in understanding and addressing major world problems. Economists analyze and make decisions based on the economic system that shapes society and individual lives. By taking small steps toward big economic goals, individuals can better comprehend the impact of their decisions on their standard of living and contribute to solving complex issues.
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