Saturday, September 29, 2018

Journey in economics: nothing to something

I used to think that economics is only theoretical, it has no use in day to day life until i started applying it in real life. I came to know that all concepts are so relatable in everyone’s life and we actually apply these concepts without even knowing it.
For example: let’s talk about consumer surplus. Till now i have visited so many times these fairs and exhibitions and did bargaining. I did apply this concept of consumer surplus without knowing it. Similar to that there are many concepts we apply in our day to day life. Now I’m able to apply such concepts.

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