Give me important in economics

Hello Aspirant
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Economics is a study of how government , societies, businesses, households and individuals allocate there scare resources.
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It is concerned with the optimal distribution of resources in the society. This subject mainly involves, understanding what happens in the markets and the macro-economy ,micro economy and  examining statistics about the state of economy and explaining their significance and understanding different policy options and evaluating their likely outcomes.
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Modern economists have examined economic forces behind every day social issues.
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Economics provides the mechanism for looking at possible consequences as we run short of raw materials such as gas and oil.
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Here the free market leads to the countless examples of market failure in the market.
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List of top colleges for economics programme:
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Sri ram college of commerce- Delhi
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Lovely professional university
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Hansraj College
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Loyala College Chennai
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St Joseph college of commerce- Bangalore.
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If you have any questions further let me know.
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Thank you!!!