I was having dilemma which major to choose about two years ago. My father told me without the knowledge of economics you wouldn’t be able to conduct business so I took economics. I don’t know how things are going down in states because I live in Canada but when I checked for admission requirement criteria of many universities, Business was much harder to get in than economics. Why is that?

Because so many more people want to take business than economics, because economics is harder.

My Canadian daughter started in economics at SFU in BC and graduated in the US with a dual major in economics and political science. She is doing great in grad school now and is on a fellowship in DC right now. Its taken to her to the White House and CIA already. She used those degrees to get into Technology Management in Transportation and has been offered a free doctorate at a famous UC school in California. She will be making highway policy for the USA.

While a business degree starts you in mid management at a corporation.

My point is that economics is a "big picture" degree and generally takes you to different places than a business degree. In my daughters case, an economics degree is taking her to the top levels of power in the government. A business degree would mean she would be working as a low level administrator.

A business degree can be lucrative but economics takes you to power more quickly. But economics is harder.