How does the economist acquire the necessary knowledge if the characteristics and limitations of an economic system and consequently its principles according to which economic system ought to be directed ?  Such knowledge is acquired by observation and logical deductions based upon that observation. The economist observes mankind’s economic activities and reactions to and of the economic environment in relation to foreign currency and foreign currency trading practices and norms.   Through repeated observations it becomes apparent of regular and standard forex tendencies and foreign exchange currency trading trends and behavioural practices. More observation of phenomena is not enough since through observation it well be learnt what events have taken place and what foreign exchange currency practices and graphs may be but not why these occurred. But the knowledge of why these foreign currency exchange trading events and crisises  is not only important it is most and crucially relevant and important to why these foreign currency forex crisses did occur.
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