What are your reasons for studying Economics?
We study Economics to understand the subject and how it is linked to economic activities like consumption, production, and distribution. It helps us analyze how a consumer decides what to buy given their income and prices, and how a producer chooses what to produce for the market.
Furthermore, it helps us understand how people and society choose to employ scarce resources that have alternative uses to satisfy their wants. It also allows us to study basic problems facing the country, such as why some households earn more than others or how many people are poor.
Finally, studying Economics enables us to understand the role of statistics in describing economic facts and formulating policies for economic development.
Explanation
The answer is derived from the introduction and the 'Why Economics?' section of the text. The text explicitly lists learning objectives which serve as reasons for study: knowing the subject, understanding economic activities (consumption, production, distribution), and understanding the role of statistics. It also highlights the definition of economics regarding scarce resources and the importance of studying basic problems facing the country like poverty and income disparity.