Economy no: 9

 Economy:

If you want to make more cups then you must give up more plates, and if you want more plates the give up making more cups, and if you can make 10 plates and 30 cups per day, "the opportunity cost" is 1 plate per 3 cups, in economics you want the lowest possible opportunity cost.

Ecnomy no: 8

 Economy:

If u spend all your time making forks and no spoons you get no spoons and vice versa, also known as a Production Possibility Curve, or "PPC", so most people will try to find a good balance, where u can make many spoons and many forks, without hindering the production speed.

Another way to increase production speed is to add more labor or more land to the production of forks and spoons making economic "Growth" meaning that you can make more forks and spoons.

how 2 make video-game

how 2 make videogame:

There are many engines to make video games, one of the easier ones is Gamemaker studio 2,

that is good for beginners, and unity, and unreal engine is good for later use.

Ecnomy no: 7

 Economy:

The more berries you get the fewer rabbits you can catch.

It is increasing the opportunity cost of the berries, so the fewer rabbits you get the more berries you get

and vice versa.

Economy no: 6

 Economy:

(example):

let's say that you on average, get 3 rabbits, and 200, berries.

if you want to catch more rabbits, then you must give up berries,

and if you want 4 rabbits you need to give up 150 berries.

That the Opportunity cost catching more rabbits

Economy no: 5

 Economy:

Scarcity is the main reason You need economics.

Because people want infinite food but it is finite to we have to allocate to people.

Economy no 4

Economy:

the economy is people who have been forced to make choices when resources are scarce.

The reason economy is used is because resources are scarce is because humans want infinite resources, but all things are limited.

Economy no: 3

 Economy:

A command economy is a government saying "You need to build 10k cars" or you need 100mil apple, also who gets the apples.

The Government will allocate the cars and apples.

But in a Market economy

for a market economy, they make cars that look like this and trains that look like that, they find out how much the car is selling and why to make it, and competing brands to make cars.

Innovation is from a Market economy, like "Ok we are selling a car that looks the same, but is a different color", most of the world is doing a market economy.

Economics no: 2

 Economics:

People test on rats is because they are not allowed to test it on humans, they do it on mice first then on humans. 

And people use fruit flies to study genetics.

economics no: 1

 Economics:

Fair things:

Having Rich people pay for taxes that are more expensive than less wealthy people.

The welfare of a city of people

Unfair things:

Paying people when they are not working.