The business environment has become very competitive and it is difficult to thrive. Once you're out, it's hard to get back in. If you are the reason why your business failed you are under pressure and you don't have a degree then it will be difficult for you to get up and fight again. This is why it has become necessary to have a degree in economics even if there is no law governing it. The business environment is constantly growing and changing. Having a business degree helps you adapt to changing business conditions and allows you to survive in this competitive business world. Getting a business degree will provide you with practical knowledge and also make you aware of various situations that you may encounter in the business world in the future. This reduces the chances of you making a mistake in a business situation. When you study in a business school or university there you learn the dos and don'ts when there is a recession (the economy is low) or when the economy is at its highest. Having a business degree not only gives credibility to a person but also gives him the experience in his life that will be worthy in the future. In business men try to take calculated risks and for this reason other companies are more likely to sign a deal with a qualified person because they believe it is a safer bet. A business degree also tells you the various qualities required having to become a businessman and being innovative is one of the most important things required. In business you have to be innovative and different from others to be successful. You have to take risks because risks are the ones that could make you rich in one go. When you are educated you are at... middle of the paper... everything works, but to ensure growth you will have to have some extra knowledge which you will get if you have acquired education. With education, instead of degrading the company, you will likely grow it and take it to new heights. I believe a business degree has become a requirement in today's business environment because if you are educated you are more likely to do well in business. I also understand that not everyone can have the privilege of education, but if you have the chance, grab this opportunity with both hands. Because you will never have this experience and this possibility in your life. What you learn will allow you to understand the business better and also see things in a different perspective. Therefore, I would like to conclude by saying that having a degree in global economics is a requirement in today's business environment.