▶ Your Answer :
Money has always been my one of the greatest interests in my life; something that has always been apart of me ever since I was a chid. I remember back in 5th grade. When my teacher asked me about my dream in class, I had always answered I want to be a millionaire which is still my biggest goal in my life. This is why I am very concerned with monetary matters more than any other issues, especially economics.
In my adolescent period, what I felt from my experience was that my parents earn some amounts of money for cost of living in a hard way compared to whom involved in business sector, especially finance. As a son of my parents, it was so pitiful to watch compensation which returns for their physical labor was so petty while specialists in finance earn huge amounts of money so easily and rapidly. What they need for earning money was just their talent in their field. It did not demand any racial, religious, nationality, cultural or lookism issues into working conditions. My primary reason why I want to major in economics is simple; I like and want to possess a lot of money and I am very interested about how financial and ecnomical system works.
Especially in 2007, sub-prime mortgage crisis woke up my interest about economics which was deeply locked in. I have seen many economical collapses which have been affected by the downfall of the US economy originated by it. This is where my interest in economics began. Through this event, I begin to believe that economics is very important in the business setting because our businesses chiefly follow decisions calculated based on how economists predict. It also allows businesses to satisfy their goals by analyzing their reality and suggest the way to go. Through this crisis, I have come to realize that the economy has a distinct impact on how a business should be ran. This is illustrated especially with sub-prim mortgage crisis. After businesses undergoes with this crisis, they start to manage themselves up to survive. They start to cut wasteful costs, labors, and unprofitable businesses. As a result of it, they had totally changed their operation system to survive from the crisis.
Lastly, economics not only can share lots of knowledge about economy but also can share necessary lessons by experiencing it. Sub-prime mortgage crisis inculcated importance of believing our businesses and governments with optimistic minds if not then we as individuals and as the businesses are doomed to fail by distrusting each other. I have also learned that we cannot let hardships cloud our goals because of we are able to endure the storms then we are just that much stronger. |