braydonkral1-beovr

this site will be for my schoolwork i will enter weekly blog posts for each of my classes

the five pillars of economics.

owners allocate assets.

prices identify costs. the person selling it and the person buying it both are losing something.

men prefer more. but that also means more responsibility.

scarcity imposes costs. if you have one item left, you’re more likely to sell the item for more than you would if you had a stalk pile of that item.

lesson 5

conclusion

when you think of free market think of auction.

when you think free market think buyers and sellers.

when you think free market think minimal regulation.

when you think free market think high bid wins