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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