Summary
The economy is the gross sum of goods and services produced, traded and consumed. Three questions come up in this process: how to produce, how to trade, how to spend. One needs goods and services to have and to satisfy one's desire. But goods and services are not infinite to satisfy this need. These are called resource scarcity, which makes people think of the most effective ways to use limited resources. Here, there are cases where opportunity costs are minimized for rational choice and the benefits of choice are maximized, in the modern complex economy, doing it the opposite.
Interesting
Most of the conflicts in society occur for economic reasons, so it is probably more frightening and fierce than war, so there is no day when most countries cry for and take care of the economy. The economy is this much more interesting and needs to be studied further. If you don't feel like it, let's pay attention to news and political or political campaign slogans. It is also said that it is one of the most confusing aspects of the agricultural development and the physical condition.
Discussion
The global financial crisis has raised criticism over greedy financial capital and the market economy is facing a crisis. But we have to respect the value of the market. At least until there's a better system to replace the market economy. But we don't have a system to replace it yet. Can you think of an alternative economic system?
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