see here now Once, in a fit of rage over small town living, my friend Elisabeth exclaimed, “Why doesn’t this town just use the economy to bring in a Target?!” Hopefully after reading this article, you will find that statement as hilarious as I did.
rencontre online france Most people that I know who have ever taken a course in economics slept right through it. I will tell you right now that I love the study of economics; I love the common sense, I love the relevant graphs, I love love love it. You will feel the same way once you realize how applicable of a science it is (maybe not exactly the same way, but you’ll appreciate it), particularly to your personal finances.
www rencontres francophones net afrique 1. The economy is not one thing, it is a series of activities: production, distribution & consumption. It can’t bring you a pillow, a glass of water, or anything. What a CRAZY idea.
2. Law of Supply and Demand:
Demand is the quantity of product that the population is willing to purchase at a certain price. As the price goes up, people are willing to buy less of the product. That makes sense; you have a budget, the more expensive something is, the less likely you are to buy it.
Supply is the quantity of product that producers are willing to make if they are going to sell it for a certain price. As the price goes up, producers are willing to make more of the product because it means more money.
Supply and demand must meet in the middle for everyone to be happy. If Apple made 1,000,0000 iPhones and sold them for $1,000 each, they would be stuck with a bunch of iPhones because people don’t want to pay that much. On the other hand, if Apple made 1,000 iPhones and sold them for $20 each, they would sell out and there would be a bunch of mad customer’s who wanted iPhones but couldn’t get them.
3. Opportunity Cost – What you give up in order to do something else. If you go to the mall, you don’t get to go to the beach. If you buy new clothes, you can’t spend the money on the new computer. You make these decisions everyday, whether you truly consider them or not.
Article publié pour la première fois le 30/06/2010