"The law of supply and demand is more than a simple economic principle; it is the heartbeat of the market, dictating the rhythm of production, pricing, and availability. Mastering it is akin to understanding the language of business."
WARREN BUFFETT
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"Fallout" offers several insightful takeaways on capitalism through its post-apocalyptic setting, which can be applied to real-world economic.
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Factors
1. Accounting
2. Investing
3. Understanding market
4. The law
5. Supply and demand
Economic rationality
We usually think about rationality as being sensible or reasonable. For economists, rationality means when you make a choice, you will choose the thing you like best. Economic rationality accepts that people will act in a relatively predictable way.
Economists use thi...
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