Economics: in simple terms
I know at some point in our lives we need to buy something. More often than not nowadays we sit down, open up our phone and head to Amazon to buy that new video game you have been wanting for a while. The place you just bought that game from my friend. It’s the market. Markets are a very complicated system where only the highest IQ individuals can understand what is happening. Nah, I'm just joking, they are pretty simple, and when I mean simple, I mean you 7-year-old brother who plays Roblox on his iPad might understand what it is. They are just a place where buyers buy a product or service, hence the name, and sellers sell their product or service, hence the name again. Simple right? Anyway, there are different types of markets. Some of these them are organized where there is set place, price, and time for everything to happen, however you probably are not going to be experiencing that much. You are going to be experiencing something les...