Personal Business and Economics
Several concepts central to economics can enrich your life if you apply them to major personal decisions. I am not saying that every decision should be ruled by economic considerations. In fact, often the best way to generate a great financial outcome is to make the decision based on nonfinancial considerations. Choice of career is a good example. But often, economic considerations don’t receive the weight they deserve in a decision.
Education and Skills Training
Education is often called an investment in yourself, and two concepts from economics clearly bear this out. The first is the concept of human capital. Human capital enables an economy—or an individual—to produce more goods and services and higher-value ...