Lee and all of economics is the tree creates well it's also one of the least understood ideas and all of economics most people think that if 2 people trade 1 of them asked to win and 1 of them has to lose but 1 of the ideas is that is involved in economics is the train create wealth to see that in the context of a couple of simple examples consider 2 people France penlew sam and jack can produce to goods they can produce socks they can produce corn in a given year Prince could produce 500 socks 1000 ears of corn 25 socks only 5 years of for France every soft the keeper cost him the opportunity to produce 2 years of story you can produce 25 sauce or 5 years of corn so every sock cost in 1/5 of every year of corn cost and 5 socks blue comes up with an idea lu goes to prison says Hey how about you specialize in corn and all specialize in sauce and then I'll trade you 1 suck for every ear of corn you're willing to trade but we want to Is able to sell his socks for get the more French wheels for its maiden wins I never would trade is made of wind trade creates wealth
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond