| | 8 NOVEMBER 2023HIGHERReviewA solid economics foundation gives the critical abilities for comprehending markets, competition, and the global economy. Individuals with this expertise are better able to make educated decisions, which leads to higher production and profitability. It also helps to prepare students for emerging economic chances, allowing them to capitalize on new opportunities as they occur.However, a solid economic basis is not the primary requirement for future labour. Other abilities required for success in future employment includes critical thinking, problem-solving, and effective communication. As the economy changes and technology progresses, these talents will become increasingly in demand. Companies are seeking people who can think critically, solve complicated issues, cooperate successfully, and communicate effectively.A solid economic foundation may help individuals acquire these abilities, providing them with the competitive advantage they need to flourish in the future workforce. Understanding the fundamentals of the supply and demand model, for example, might assist an individual in recognizing the need to change their approach while dealing with various conditions in the workplace. It also includes tools for analyzing complicated data, identifying trends, and making sound judgments. Finally, it offers people an advantage in the labour market and prepares them for an ever-changing economic situation.FOCAL POINT WHY A STRONG FOUNDATION IN ECONOMICS IS CRUCIAL FOR THE FUTURE WORKFORCE
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