Saturday, September 29, 2018

Learning in economics

Economics provide us with valuable knowledge for making our decisions in our day-today life. Economics is the study through which we learn how we use scarce resources of societies, government, business, households and individual. Basically, economics helped me in knowing how each and every resources are important in our life. How money makes difference for demand and supply of a commodity.

Through, economics I came to know about simulation game which is related to price of our product in how much valuable price we are selling them. We had our market in which our group made strategy to sell products at right price. It should be convenient for the customers to buy the product, they don't need to think about perceived risk they will face.

Overall it was a good experience in learning economics, I gained lot of knowledge the market and strategies used in the market to sale goods and make profit
     


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