Introduction:
Practicing with real-world economic data can be highly beneficial for better understanding of economic concepts. It allows individuals to apply theoretical knowledge to real-life situations, analyze trends, and make informed decisions. Here are the reasons why it is advisable to practice with real-world economic data:

1. Practical Application:
- Real-world economic data provides a practical understanding of economic theories and concepts. It helps individuals connect the dots between theory and real-life scenarios, making the subject more relatable and understandable.
- By analyzing real-world data, individuals can observe how economic theories actually play out in different situations, allowing for a deeper comprehension of economic principles.

2. Analytical Skills Development:
- Working with real-world economic data enhances analytical skills. Individuals can learn to collect, organize, and interpret data, which are essential skills for economists and policymakers.
- Analyzing economic data also helps in developing critical thinking abilities, as individuals need to identify patterns, relationships, and trends in the data, and draw logical conclusions.

3. Decision Making:
- Real-world economic data helps in making informed decisions. By analyzing past economic trends, individuals can identify factors that influence economic outcomes and predict future trends.
- Businesses can use economic data to make strategic decisions regarding pricing, production, and investment. Policymakers can use it to design effective economic policies and interventions.

4. Understanding Global Economy:
- Real-world economic data provides insights into the global economy. It helps individuals understand the interdependencies between different countries and the impact of global events on the economy.
- By studying economic data from different countries, individuals can gain a broader perspective on economic issues and develop a global mindset.

5. Familiarity with Economic Indicators:
- Practicing with real-world economic data familiarizes individuals with various economic indicators such as GDP, inflation rates, unemployment rates, etc.
- Understanding these indicators and their implications is crucial for assessing the health of an economy and predicting its future trajectory.

Conclusion:
Practicing with real-world economic data is highly advisable as it enhances practical application, develops analytical skills, aids decision making, promotes understanding of the global economy, and familiarizes individuals with important economic indicators. It helps bridge the gap between theory and practice, enabling individuals to have a comprehensive understanding of economics.