money by economic

Many laymen who see the word “economy” take it for granted that economics is the study of how to “make money”. Thinking about it, I feel the smell of copper. The misunderstanding of it is not the slightest bit. Among all the knowledge disciplines, this is the only good discipline that people look at with a colored eye with moral contempt. The misunderstood economics is like the concubine in the ancient feudal family who was in charge of family affairs. She did the most important thing to make the family live a better life, but she never treated her as a wife, even if it was just a title. At the time, she even gave her a terrible evaluation of “she is just a woman who loves money full of copper smell”. Fortunately, with the reform and opening up, more and more wise Chinese people are affected by new ideas, and finally realize its importance and know that it is the “queen” of humanities and social sciences.

Economics is a Science that helps the People through the World

Going big, it can make the country prosperous and strong. Going to the novel, it can make people live a happier and happier life. So how does it play this important role? That is the choice. Because in most cases at the same time, you can only choose to do one thing. If you do this one, you can’t do the other one. Because of the one-dimensional nature of time, it is irreversible. Choices will affect one’s future life! So the right choice is a very important thing, even the most important thing! Everyone knows the importance of choice. For example, two pieces of money are thrown on the ground, one is 10 yuan and the other is 100 yuan, provided that only one can be picked. This is simple, so everyone knows that you should choose the one with 100 yuan. But what happens after the difficulty is upgraded? People’s choices are very prone to problems. For example, should I marry a handsome boyfriend who is a bit poor? Should we marry a wealthy businessman who is not very good but rich? For another example, after growing up, do you choose to be a teacher? Or choose to be a doctor? Because you become a teacher, you cannot be a doctor. On the contrary, the same is true. Don’t tell me that I can be a teacher in the medical school. This is obviously a challenge.

Here is an introduction to one of the greatest concepts in economics tuition in Singapore, that is, opportunity cost. Any choice has a cost. To choose this opportunity you think is to give up other possibilities. The real cost of doing something is not what you pay for you, but what you give up for it? 

The Most Valuable thing in Giving up is Opportunity Cost

The so-called once entering the Hour Gate is as deep as the sea, and Xiao Lang is a passerby since then! Then choose to marry a rich family, live the life of a rich man, and give up Xiao Lang is the opportunity cost of your choice! Because Xiao Lang has bowed to you since then. If you are the face value control and you choose Xiao Lang, in the second half of your life you can only watch the handsome guy eat the dirt, giving up the rich life is the opportunity cost of your choosing Xiao Lang. How to choose? Assuming that you like a handsome guy and a rich man alike, but you can only choose one of the two, then if a handsome guy is handsome and rich throughout his life, the opportunity cost of choosing is the same, but the fact is that a handsome guy can never be handsome for a lifetime. But the chances of a rich man becoming rich in his lifetime are great. Therefore, you should choose to marry the rich! Don’t be fooled by film and television works. Your life is very long. How can you stand a so-called “handsome guy” whose appearance is constantly discounted over time?

Then we analyze in the same way, should we choose to be a teacher? Or choose to be a doctor? Then the selection criteria should be to meet these two conditions at the same time. Which job can make you earn the most and happiest? In fact, these two standards are unified. The ultimate standard is which job makes you the happiest? Because the income is high, it is easier to get a high-quality life, and it is easier to make people happy. So you have to choose the work you are doing and are interested in, because this way you will be fully committed, which will make it easier to succeed, get a high income, and live a happy life.

Economics is to help you analyze the current situation and future expectations, and teach you how to choose! This is true of personal choice, so is the choice of a country’s development mode! It’s just more complicated, the principle is one! What kind of development is chosen to make this country develop best! So it is the science of economy and the people.

Is it difficult to study economics? 

“How to choose is the best answer” This is the core question of economics! What is the best? Generally speaking, it is imprecise. The so-called “a thousand li is lost”. To be accurate requires the support and demonstration of data and norms. Therefore, economics learning and research introduces mathematics as a tool to achieve the purpose of more accurate analysis. This is why you see so many formulas and functions in many professional economics textbooks. So for the general public who graduated from non-economics majors, what level should we learn? If you only want to deal with various choices in life, it is enough for you to learn some basic knowledge of economics. There is no need to use mathematical tools to analyze. Because the opportunity cost of buying umbrellas and books is easy to estimate, there is no need to be so precise! As long as you don’t introduce too many mathematical tools, you want to learn some basic knowledge of economics tuition is actually very simple, because we usually live in a real society, often just to verify some common things in life, and then change some mistakes It’s just the inertia of thinking, it’s easy to understand, because the economy is life!

By Anurag Rathod

Anurag Rathod is an Editor of Appclonescript.com, who is passionate for app-based startup solutions and on-demand business ideas. He believes in spreading tech trends. He is an avid reader and loves thinking out of the box to promote new technologies.