Economic Quote

[Jay2525]

''The First lesson in economics is scarcity.There is never anything to satisfy all those who want it.
The first lesson in politics is to disregard the first lesson of economics'' By Thomas Sowell

 

[Mshana Jr]

Very few people will understand what you really mean

 

[Kiranga]

Opportunity cost can be argued to be even more intrinsic than scarcity, in so far as opportunity cost can be distinguished from mere scarcity.

 

[Jay2525]

Tanzania is poor despite plenty of natural resources.The major problem is that people mix up Economics and politics

 

[Jay2525]

''poverty is not an accident like slavery and apartheid.It can be removed

 

[armi]

"anything which wont sell, i dont wanna invent it"
~thomas edison~

.made in mby city.

 

[armi]

"riches is how much you have but wealth is how much you keep"
~robert kiyosaki~

.made in mby city.

 

[cylu]

The pareto principle aka 80-20 rule....e.g. "80% of your revenues(sales) will come from 20% of your customers"
Know and target your loyal customers with good services