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Investment for a Better Future
Investment is the sacrifice of real resources today in order to have more in the future. The success of investments depends on how much consumers value the benefits of other people's investments.
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345 reads
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The Importance of Production
Production is a fundamental aspect of economics that involves using scarce resources to create new output.
Efficient economies maximize output by minimizing waste and effectively utilizing scarce resources, ultimately determining a country's living standards.
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371 reads
Scarcity Drives Economics
An economy is a system for producing and distributing goods and services, but it only exists when there is scarcity and choices must be made regarding the use of limited resources.
Without scarcity, there is no need for economizing, and thus, no economics. In other words, economics studies...
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406 reads
Insurance: Paying Someone to Assume Your Risks
Insurers reduce risk by categorizing the population into different risk groups and charging premiums accordingly.
That's why safe drivers pay lower car insurance premiums compared to their reckless counterparts. Similarly, office workers pay lower premiums for occupational injury insurance...
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355 reads
CURATED FROM
IDEAS CURATED BY
A learner | Writer of Melva's Note on Substack | High curiosity about psychology and human development.
Economics in a nutshell.
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Other curated ideas on this topic:
Are cryptocurrencies a good investment?
Cryptocurrencies may go up in value, but many investors see them as mere speculations, not real investments. The reason? Just like real currencies, cryptocurrencies generate no cash flow, so for you to profit, someone has to pay more for the currency than you did.
Cryptocurrency needs stabi...
Future value
The value of a business today is the sum of all the money it will make in the future. Great businesses have the ability to generate significant cash flows in the future.
This explains why promising tech companies have such high valuations. Most of that value will come 10 to...
Your Top 1-3 Goals
Prioritize your list of possible goals using and expected value (EV) calculation. Expected Value = Resources Required x Return on Investment x Probability of Success
Take the list of everything you could potentially work on over the next 90 days and then rank them by these criteria.
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