Simple maths is important in DIY/construction e.g. triangles to support a roof structure. Being able to calculate lengths angles and areas is very useful. Maths is used in cartography, chemistry, economics, government (e.g. predicting population growth and the spread of disease), really useful in business, for example setting the price of a product to make the most profit. I use maths every day in an engineering job, it is essential for Electronic, Mechanical, Civil and Aerospace engineering as well as Physics and Computer Science. Did you know that huge amounts of maths is used to route mobile phone calls or internet data? Or for data compression do that you can seamlessly stream video? Or even cryptography, to keep your money safe?
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Practical exercise
you don't.
You will apply them when solving quadratic equations in which the quadratic expression cannot be factorised.
if you are in math class and the teacher asks you a question about it.
Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.