After obtaining CGPA 10 in the senior secondary examination, I decided to pursue business studies with economics and mathematics as two of my main subjects. After studying Indian economy in grade 11, I found that even though India is developing at a rapid pace, it still faces the problem of poverty and unemployment. I studied the principles and functions of management. I thus understood the basic principles given by FW Taylor and Henry Fayol. A comparative analysis of their studies shows that although their approaches are very different from each other, they nevertheless aim at the goal of improving the efficiency and effectiveness of the organization. I was also able to exercise management functions in the various events organized within my school since I was a member of the organizing team. I was able to strengthen this knowledge after being elected principal of my school by successfully completing the multidimensional tasks. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay Additionally, I studied microeconomics and macroeconomics with which I was introduced to the concepts of cost, income, d equilibrium, market forms and price elasticity. , exchange rates and the theory of supply and demand. Mathematical and statistical knowledge complemented my progress in the interpretation and analysis of available facts. While reading The Undercover Economist by Tim Harford, I was able to come across examples from everyday life in which some of the topics mentioned above, such as price elasticity and the monopolistic form of the market, play an important role. I realized that green belts are not only limited to the environmental aspect, but have also influenced economic outcomes. After reading the book, I was able to conclude how businesses plan their strategies to attract all types of customers and how tactfully they make huge profits. I have attended ten Model United Nations conferences and received numerous awards. I researched and discussed tax evasion and the world of black money at the Economic and Financial Council (ECOFIN) of a Model United Nations conference. Negotiating and debating this topic as a delegate from the Russian Federation allowed me to understand the depth of different economic policies formulated around the world. Towards the end, I was able to draft a resolution which was adopted by a two-thirds majority. This experience further stimulated my quest to learn more about different global economic issues. Then I became a board member of ECOFIN, which stimulated a discussion about cryptocurrencies. These experiences have strengthened my skills to communicate my points of view effectively. I have closely followed the economic crisis in Venezuela. What interests me most is how a country with abundant oil resources, once considered the model of democracy in Latin America, has reached such a dire state that it is struggling to maintain its own economic stability. I extracted from it that the country must immediately restructure its economic policies to stabilize the currency and control hyperinflation. It also needs to restructure its debts by reaching certain agreements with lenders. The focus should be on the production of basic commodities such as food and medicine within the country's domestic territory. In the long term, Venezuela should try to diversify its sources of income instead of relying solely on income from oil exports...