"Principle of the Economics "
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A good day for learning something new because I have learnt about Economic module. Through this module I have learnt way of the thinking economist. If I am a economist I wanted to have interest in earning money every time wherever I will go. The great economists said that way of the thinking are every time as economists because if I want to do any work and if I want to think about as economists to think for earning money only.
I apply as an economic in the daily routine work for example in the family I will think each work who will do that and I dived that to do every one. What I understood about the principle of Economics. In this principle first principle said that “People face trade –offs”. I understood through this principle in the every on life they will have some decision if they will have clear cut about decision that should be have decision because it makes sense about decision.
2nd economics principle said that if you have something to take then you should be pay something about that because if you want to take or make decision then I have to have decision for getting one thing only. If I will get that then I lost my money because already I worked in the private sector, I would earn money minimum 10, thousand per month that money I will be losing that’s why 2nd principle said that if I want to get something then I should be lose something for that.
3rd economic principle said that “Rational people think at the margin”. This is saying that if I want to buy something from shops in marketing then I need to see where is low rate because if I want to purchase materials or any product then I need to see product rate and value of the product then I am ready to buy that product. This economic principle gave message for everyone to thing and do any work as economist because without money why I can west my energy and my money there. It says that directly if I want to purchases something good product then I should need to thing where I would get margined to buy product. If they are ready to give good margin then you can give response or concentrate that product which I will get more margins with good values product then only you would ready to buy that.
4th Economics principle said that “People Respond to Incentive”, in the sense it gave information about if I wanted to do something in the market then I should to give incentive because without incentive I cannot get success because I have to do something as business man and as an Economist then I did not earn money. In the marketing and whatever I should to do to sell then I would use incentive then only I can sell easily and through this method then only it will easy to do that work.
In the afternoon I have gained knowledge about “Media for Development” in this Desha taught us about Print media it was good class because I have to know about this to know everything easily then through this media I have to use this, then I will use professionally and it was good for development sector to introduce something new. I wanted to take one class work about to write news about Agriculture. I have made good preparation for this news for write proper way.
I have enjoyed all classes and I got good knowledge also, it will very helpful in the future.
