Economics, a funny word. But what does it state? Economics is what happens everyday. It happens in a store, the market, and even the movies. Supply and demand are powerful words. Supply is how much of something you have. Demand is how much people really want it. If you are part of an Economic System, then it means you are part of an ENTIRE system based upon supply and demand. In my terms Economics is just the system of supply and demand.
I liked how used economics in your post. I also liked how you explained about supply and demand and how you explained how people can be part of the economic system. I think you forgot the put a question at the end of your post, but everything else is okay. What do you think is the most important part of economics?
ReplyDeleteI very much agree. I think that for some people (kids mostly) might not know about economics. Supply and demand are both things that go together and are needed in economics. An economic system is something we all need to take part in. Businesses need to sell things, and we need to buy things. Overall, I agree with you.
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