eco-journal2 - scarcity situation and figuring out how to...

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Duc Hoang – Principles of Economics Journal week 1: Why am I here? In my opinion, Economics is one of the most important parts in Business as basically Business is making profit from selling and buying products. Economics is a study about the people’s economic choices when their needed resources are becoming scarce. In other words, in order to make a good choice, study Economics is necessary. There is a saying that “Nothing lasts forever”. People are facing the
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Unformatted text preview: scarcity situation, and figuring out how to capitalize on the productivity of production with the purpose of extending their “good” life. To learn about Economics, first knowledge should be covered is the principles, or the definitions of economic terms, which are the most basic level to start. This is also the reason why I choose this course to begin....
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