Economics is the study of how individuals, businesses, and governments make decisions on how to allocate limited resources to meet unlimited needs and wants. It helps us understand key concepts such as scarcity, opportunity cost, and how supply and demand influence prices. Economics is divided into two main branches: microeconomics, which focuses on individual and business decisions, and macroeconomics, which looks at the economy as a whole, including national issues like inflation and unemployment. Understanding economics is important because it equips trainees with the knowledge to make informed decisions, manage finances effectively, and understand the economic forces that affect their daily lives
introduction
Completion requirements