Everyday Economics

[what_a_fool]

-- from a book written by Robert H Frank

I always wanted to learn the basic economic principles. Finally starting to do it and finding the book a nice read. Here is a capsule summary of the book -

~ "Opportunity Cost"
    I saved X by not seeing the movie. No, you did not save anything.

~ The Cost-Benefit principle
    You should take an action if and

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