Why I Love Economics
Economics is a social science where studies the interaction of factors internally or externally that affects the market. I am a student of economics but more than anything else ; it is my HOBBY. Learning and reading economics not only gives me the understanding of wacky theories of why someone would actually buy and consume this particular good. But realistically, it is not about the actual reason why they would purchase the good for eg; I need food cause I am hungry? or something like I need petrol cause I have a car. Economics links the ties between a person in need of some good but what will change their perception of actually buying more of that particular good or less of it. Throwing consumption of a good aside, economics also touches on why producers would actually make or sell something. The reason is pretty simple behind all those complicated theories. They sell them because they are people actually buying them. Most of you will be like ; DUH isn't that o...