- Laws of Supply and Demand
We need to now this because supply and demand indicates how prices of things rise over the time you hold it and we need to know this because we also own things that could either increase or decrease in price soon.
We need to know about inflation because inflation happens a lot and some of the greatest depressions happened because of these booms of prices. Inflation happens a lot and we need to know how prices rise and what to do in those situations.
- Interest Rates
Interest rates are important to learn because many people are going to take loans or mortgages or something similar, and we need to know how interest rises and decreases, and how we need to pay off loans and what is the best method to do it.