What is the importance of economics, and how does it affect my everyday life?

we make economic decisions every day. everything that involves weighing choices and sacrificing one benefit for another greater benefit.
ex: Should I hit the snooze button one more time, or get up now?
If you hit the snooze button, your reward is more sleep, but you sacrifice the time to get yourself ready.
If you get up, your reward is more time to get ready but your sacrifice is less sleep.

So short answer: Economics is important and affects everyones life every single day.

the importance of economics in our everyday life is to know how to budget our income and to how to organize our community.

Besides meetin' the mortgage?!
;-)

it affects it greatly, buy anything and thats economics

Everybody is involved in economics: as a consumer, investor,etc. In any capacity all inhabitants are playing a role as economic agents, making decisions relevant to savings, pensions, buying a home etc.The economic system provides everyone with price schedules relevant to the markets in which the people are participating.

asedasd

Economics affects almost everything in your life. For example, you asked this question on answerbag.com. To the side of the question is advertisements. Those advertisements pay the creators of the site. You pay your internet service provider to access this site...everything you do is related in some way to economics and money.