storytelling in economics

Storytelling in economics involves using narratives to explain complex concepts, trends, or data, making them more relatable and understandable. Economists tell stories about how individuals, businesses, and governments make decisions based on incentives, resources, and societal needs. These narratives help illustrate the impact of policies, economic events, or market behaviors on everyday life. By framing economic ideas in a story format, they become accessible, allowing people to grasp their significance and implications, fostering informed discussions about economic issues and decisions that affect communities and individuals.