There was a function in my house for which I was sent to the market for getting 10 coconuts. I went to the near by market where vegetables ,fruits and non veg everything is available . I searched for the coconut vendor and went to him,and he charged very rate for the coconut, I bargained with him ,but he didn't decrease the rate of coconuts. I then went for other's shops to ask whether there was any other coconut seller. They said ,there is no other coconut seller,he is the only one in this area.For that reason he does his monopoly,charges high rates and listens to nobody.
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
Saturday, September 15, 2018
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