Money

NOTE This is a new thread of thought about what I understand about economics, how it works, and how it impacts us as individuals. I will continuously learn and journal in this blog, so sometimes there is a possibility of reaching wrong conclusions or misinterpreting things. Take everything with a grain of salt. What is Economics? Let’s start with the question: what is economics? For what I understand, we live in a world where resources are limited (scarcity of oil, coal, land, etc.). So what we do in order to survive or get basic essentials from others is trade. ...