My economics class is held every monday and tuesday morning and let me tell you that as usual, even though i love economics, i hate to attend the class moreso because i have to compromise on my sleep....
after straining my ears because now theyve got used to listen lovely and sweet voices of singers rather than the cacophony or the lectures....if it describes that decently...
but a description on that can come up later....the point iam making here is that after straining my ears to listen to what the teacher was babbling along the slide show it struck me!!!and it struck me deep....
if economics can be applied in real life.....
and the question which occupies the teenage mind most of the times....POPULARITY....could we apply economics to solve the biggest problem that might be faced by most of the people around the globe?
My teacher says that 90% of the times the ideal economics works.....and according to me thats a very nice percentage....so why not think a little more about it?
Say for boys!!!what is it that increases their demand amongst girls?(i'll be dealing with only the straight concepts...i know only that!)
As we all know that if the supply decreases then if the price remains constant the demand increases...so guys the best way to get your demand souring is to shoot every other guy that comes into your sight!!!but i dont think that is a viable idea!!.
yet again let us take that the supply is constant...ie the same number of guys around.....then at the same price how can you make increase your demand??
simple. to have such attributes that no other product in the market has.....and that is something of a very difficult task....isnt it?
so let us come to a very important question.....what determines the price of a product????the market forces of demand and supply.
supply.....i cannot control that.....may be a generation before me could have...but then i am not blaming them.....
demand....that is being controlled by the attributes i have and that is the underlying question......
lot to ponder about in that and so as not to strain my brain.....i'll leave that!
from that day on i have thought a lot on the subject of demand and supply which i have named love economics.........
more to come as comments......not from me....my eyes are paining!
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