Question

Describe the most interesting thing on economic subject?

Answer 1

The most interesting thing on economics is its applicability. We use economics on everyday basis without even noticing, like, choosing between whether to sleep an hour more in the morning or exercise in that time (it represents the economic concept of trade off and opportunity cost where opportunity cost of doing exercise is an hour of sleep), while negotiating with a vendor we are reaching an equilibrium price on which we are willing to but that product and seller is willing to sell, when booking tickets in a train senior citizens get a discount showing the price discrimination being done by railways (It happens in India) etc.So, applicability of Economics is what makes it interesting.

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