Sunday, October 13, 2013

Selling drugs is very dangerous and pays very little


When new opportunities open up we are too conservative to take advantange. You have to have a niche and market attention to defend it.

What is Black Economics ?



Black economics is the economic behavior of US Blacks.  IT covers population, housing, jobs, wages,  earnngs, spending patterns, education, success and happiness. It also included related topics such as discrimination, political power, unions, government policies and social programs. Finally, it includes

Sunday, December 23, 2012

What is Economics ?

Economics is a social science that that studies how people, society, corporations and governments use resources to promote general happiness.  Resources are every where: money, time, cars, gasoline, human labor, thoughts, ideas, rap lyrics.

People exchange these resource to increase their personal and family happiness

Corporations trade resource to earn profits and reward manamgement and shareholders.

Governments collect and use resrouces to promote the collective goals of society

Economics studies how people , resource allocation and human happiness.

Economics helps understand some of the basic second-level questions in life ?

Should I go to school or work ?

How much should I work ? Should I work a second job or spending time with freinds and family ?


Friday, November 18, 2011

Entrepreneurship

Entrepreneurship

Innovation

Macro-economics vs. Micro Economics

Macro economics is is the economic activity of large numbers of poeple together such as a state, region or nation.

Micro economic is the economic actions of individuals and businesses.

Most of the book is about macro-economics

Sunday, November 13, 2011

Friedrich Hayek

is best known for writing on free market economics or liberitian economics. Liberitians want few or now rules on capitalism or business. They believe the market is always the best way to allocated resources.