Sunday, September 18, 2011

3rd Class Summarize


Today Rizzo talk more about the oil problem with some economic views. He gives us the explanation and tries to tell us why we consider the economics as a social science.
Why we have the market? Some people must believe maybe we can do better with our own. That a huge mistake! In the ancient time, the first economic activity is to exchange the items, and we call that basic economic principle. Until now, people usually trade with other people to get what they want or need. That’s how market worked. 

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