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Economy part 2- The dummies guide: The supply and demand chain
mamario00
Posts: 81Member Beginner
On my last economy book i wrote about some of the solutions i thought the economy should have, albeit with discussing with friends and peers, they seem a bit over exaggerated and thus, but i thought to myself that as long as i give out a blueprint to work with, we can fix our way to a more proper one.
Today i will be expanding my topic on supply and demand, as you all know, supply is a certain item that is available for the consumers, and a demand is the consumers need for that item. Take for example toilet paper, if you ever went to a public restroom to take a dump and there wasn't any toilet paper in the bathroom and you already took a dump, then you either have to wipe yourself with your hands or something, or just put your pants back on and walk out. In this scenario, the supply is low, but the demand is high. Now when the demand is high and the supply is low, you can think of it having a certain hunger craze and you started rummaging your through your fridge that is magically filled with a lot of food and things you are craving, for some reason you keep on eating and eating but your stomach still is not full, and now you ran out of food on your fridge. this is the scenario of when the demand is high, but the supply is low.
The way i want you to think about supply and demand is that they are like air ok, you fart in the air, and you smell that stankness; you spray on perfume, and you smell that stankness; you take a shower, and you smell that stankness; if you haven't gotten the memo, the supply and demand is a cause, affected by the effects of something else, in itself, supply and demand can exist, but it has other factors surrounding it, therefore when you talk about economy, you have to somehow thread carefully on supply and demand.
Supply and demand also comes with other terms alongside it, which can make it even more complicated to understand, and this is all in a real life situations, if we expanded the scenario where you entered the bathroom, and we went on the details of why you had to take a dump, and then we went on and wrote the 5 w of your dump and the one h of your dump, then the whole situation would gain more "value" then just saying "Yeah, I just took a dump and there was no toilet paper."
The problem with Latale is that this isn't real life, and many of the topics that surround real life scenarios, sadly, does not apply here. The way to tackle an economy on Latale is to first understand your words, and understand those definitions, we cannot, i repeat, CANNOT, use the wrong terms for the wrong issues, if you start going along that road, you are just going to screw yourself over and create different issues that could have been avoided. Thats why i would beg you all to just take a second of your time, google the economy, i even wished you heard trump talk about the economy, it would teach you the things you shouldn't do, to be honest. Anyways take a few seconds of your time, and just read some articles on the economy, research the words and the definition, research not only the cause of something, but its effect.
this concludes page 2 of the guidebook. Do what you must with this information.