You don't have to be a professional economist, but you should be able to evaluate the impact of economic changes and the effects in your town, state, region, and nation. Furthermore, you should also have some idea of the impact of changing economies in other countries in the world. Consider the importance of customers for a business. The state of the economy will have an impact on how much money customers will spend and what they will buy. This is just one example of the impact of the economy on your business.
Individuals also have a role in shaping the economy.
Entrepreneurs provide an example of how individual activities can create jobs, new products and services to improve the economy. As individuals become informed they are better able to participate in shaping the economy. The market for any product or service is composed of a number of consumers . Business organizations sell their own products or service, but they are also major consumers of other businesses. For example, if you are selling trucks, for example, you may target business owners as your market for the trucks.