Wednesday, May 25, 2011

Trying to speak the language of Economists: This was my recent Facebook post. Trying to have fun with new words :)

Opportunity Cost exists for learning Economics ♥, but due to Invisible Hand in the Free Market, Demand was met with Supply of Resources - Labour, Lost Revenue & Time. Equilibrium attained. Cost-Benefit analysis done & Trade-off made to maximize Future Growth in the Production Possibility Curve with Capital Good of Education for higher Standard of Living & Employment. Optimal use of Scare resources being the goal. :P

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