Do you have a passion for Economics?
First of all, it's crucial to recognize that the majority of individuals lack basic economic knowledge. This is because it is a complex field that evolves regularly. For instance, commercial choices and political actions frequently affect the US economy. Additionally, a large number of people work for themselves, which further complicates the economy. As a result, most people are only able to comprehend fundamental economics when it comes to meeting their personal wants. In that regard, economics is challenging to comprehend because most people are only interested in it when it benefits their own financial situation.
Unfortunately, there raises another economic issue: since consumption is a common economic foundation, many economies will collapse unless consumers can afford it. For instance, firms buying and selling goods account for the majority of the GDP in America. Thus, an economy will crash if businesses are unable to profit from selling goods to customers. In addition, crime is more prevalent in nations with unstable economies because there isn't enough employment or resources for individuals to buy anything. In the end, because so few people are aware of how the economy functions, they are unable to assist other nations when they need it.
That does not imply, however, that all experts are wrong on economic fundamentals. For instance, an economist views the economy through the lens of human needs and desires, which is similar to how people generally behave. An economist thus views economics through the prism of human needs and desires. In this way, economists are human, and as such, they view economics through the prism of both economic competition and incentives, as well as human needs and desires. However, since human needs and wants are the primary focus of economic models, economists must keep in mind that, in terms of their economic needs and wants, people are mostly predictable. Therefore, while developing economic models, economists must consider both predictable human behavior and unpredictable human behavior.
Few people are interested in economics since it is challenging to understand and apply to daily life unless it directly benefits them or fosters growth. Because no one can foresee how people would behave in terms of their economic needs and wants, it makes it simple for criminals to take over a nation with weak economic foundations. In essence, why would want to live in an unequally distributed economy where a select few people outperform the majority of people? Maybe they aren't living in poverty, but at least are they able to support themselves sufficiently so that they don't depend on others for their needs? That is until an unstable economy leads to more criminality among people who lack resources. People who are already among the ranks of the poor masses are forced into even deeper poverty as a result of the starving masses caused by an unstable economy itself.