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ECON 101: Scarcity, Opportunity Costs, and Trade-offs

Posted by GreenPanda 1228 days ago, popular 1228 days ago (http://www.greenpandatreehouse.com)
Category: Personal Finance | Tags: economy opportunity costs scarcity
Many people are talking about the economy and giving their ideas. Knowledge is a tool that allows us to make intelligent decisions. Learning about the economy and basic concepts protects us from irrationally panicking. To make it easier, the ECON 101 series was created.
Each article will focus on an economic topic with particular concepts that affects readers. The examples are kept simple as the goal is to explain concepts. We’ll have no long discussions on theories or history, but will give some ideas on how it applies to you, your family, and your community.
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