have you all realized something?
we have limited resources but we have unlimited wants and needs
what i mean by resources for us humans are like :
1)money
2)time
3)skills
because of this few limits, we will need to plan what to get or buy
we have to make decisions.
for example, to choose between 2 normal DVDs and 1 HD-DVD/Blu-Ray Disc.
if u buy 1 HD-DVD/Blu-Ray Disc, u would have to give up one more movie just for the higher quality of product.
but, some other people may choose to buy 2 normal DVDs as not everyone has the same value and level of resource lol.
This is where the study economics come into place,
economics is like, learning why we make such decisions and how to use our resources efficiently.
Lol ok this is random >_>
we have limited resources but we have unlimited wants and needs
what i mean by resources for us humans are like :
1)money
2)time
3)skills
because of this few limits, we will need to plan what to get or buy
we have to make decisions.
for example, to choose between 2 normal DVDs and 1 HD-DVD/Blu-Ray Disc.
if u buy 1 HD-DVD/Blu-Ray Disc, u would have to give up one more movie just for the higher quality of product.
but, some other people may choose to buy 2 normal DVDs as not everyone has the same value and level of resource lol.
This is where the study economics come into place,
economics is like, learning why we make such decisions and how to use our resources efficiently.
Lol ok this is random >_>
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