But if they can provide jobs to all people who do not have jobs. There will be a great production of manpower and they can buy things they wanted.
Economics 101
Thursday, March 21, 2013
"Shop to save jobs"
Sustain the economic growth. This statement is known for all people specially to all businessmen. So they do a lot of promos and advertisement to save their business and make their business be more grown up and taking a lead for the production to other companies or business."Fight the economy, shop to save jobs" this advertisement does not make sense to me even the other people who will read this. Because even if they will advertise like this but the price will not afford to all people, no jobs will save. We all know that most Filipino people belong to the lower class. So it is impossible to save jobs by shopping without any amount money that will fit to the price of that product. And first and foremost, there are also important things to buy for the sake of their family and for their living.
Saturday, December 8, 2012
People face tradeoffs
To get something you want, you have to give up something else you want. Scarce resources. This is one of the explanation of the first principle of the Principles of Economics.
Base on my experience, I face tradeoffs sometimes. One is to sacrificing the joy, happiness and bonding of the family going to beach just to go to a not so special and important seminar. When I got to seminar, I am thinking of what my family did in the beach; eating together, swimming together and telling some stories that is so happy to hear. I got to the seminar just to have money to be added to my bank savings. But this happening is so bad for me that I am regretting to go to that seminar. Nothing is more important than to be with your family.
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