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Volume :47 Issue : 182 2021      Add To Cart                                                                    Download

Awareness Level of Sultan Qaboos University Students Regarding Economy Diversification Styles and Consumption Rationalization in Supporting Sultanate of Oman National Economy

Auther : Prof. Wajeha Th. Al-Ani - Hagir M. Al-Saadi

Objectives: The study attempts at describing and analyzing consumption rationalization being one of the pillars in the economic and social growth and an essential perquisite to support any country's national economy as well. Considering these factors, this study investigates students' awareness of economic diversifying methods and consumption rationalization at Sultan Qaboos University.
Method: A descriptive study approach was conducted using a data collection questionnaire. It included two questions in order to address methods of economic diversity, and students' consumption determinants, in addition to two main focus points: supporting the national economy, and rationalization of consumption and expenditure. The study sample included 150 students of different Scientific and Humanities Faculties.
Results: The results of the study showed that university students have high level of awareness regarding supporting the national economy with a mean of 4.07 as well as in consumption and expenditure rationalization with a mean of 3.92. In the axis of supporting the national economy, the T-test results showed that there are significant differences in favor of females and the third academic year students and younger students.
Conclusions: The study concluded with a number of recommendations, the most important of which is holding workshops and seminars for university students on how to rationalize consumption and diversify sources of income for both the individual and society.

Keywords: Rationalization of expenditure, Economic diversity, Youth awareness, Supporting national economy.
 

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Dec 26, 2021

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