Question

how can economics prepare you to be a citizen of the 21st century ?

Answer 1

Young people can not engage successfully in the global economy without a comprehensive understanding of the fundamental economics. Indeed, the performance of the United States ' economic structure and its trading partners primarily depends on young people knowing its basic characteristics. Business economies generate revenue that enables the private sector and public sector institutions to achieve important social objectives, including providing high quality healthcare, improving the environment, reducing poverty, investing in socially relevant science, improving education, promoting the arts and so on.

When we look to 21st century economic and financial growth, It is interesting to note that economics is characterized by a general agreement on the main subjects to be addressed. That consensus is evident in the observation of Similarities of existing leading college and high school content and style Textbooks mainly written by professors of university economics

As citizens, industries, and governments become more interconnected with those of other countries, the environment is becoming increasingly interdependent. As a result of opening up trade and markets, this globalization offers huge opportunities for the majority of people in both rich and poor trading nations. It is also troublesome that surveys indicate that most U.S. voters believe trade with other countries harms the American economy. Economic educators have to change those views by educating students of the 21st century On the potential advantages of trade-opening. Besides the overall benefits to Americans, it is important to increase trade between rich and poor nations to get the people of poor nations out of poverty.