Understanding Economic Principles And Examples In Life

If we notice human needs like limitless, because its needs are so much and cost or sacrifice to buy these limited needs then there was something called the principle of economics, whether it was the principle of economics? That's the explanation.

A. Explanation of economic principles

The economic principle is to try to get specific results with as little sacrifices as possible. or other economic principles of the definition, an attempt or procedure in obtaining satisfaction for a certain condition with the sacrifice of perhaps a theologian, the economic principle of directing action towards the achievement of the goal as well as Kievzivan that altitude.

B. Examples of economic principles

For example, if we want to buy an item for sure we're going to compare the price of this item from one store to another. Find the following for goods that discount price or discount, and learn the savior of life. These are a few examples of the application of economic principles.

C. Characteristics of the economic principle

• Always save

• The mentality is always the most elementary or urgent needs and in order to meet the needs that are not so important.

• Act rationally and economically, and identify needs through already mature planning.

• The principle of "expenditure costs, followed by the results achieved.

D. Types of economic principles

With regard to the types of economic principles, which include three types of interpretation:

1. The manufacturer's principle.

This is the principle of economics that determines raw materials, production methods, as well as the cost of producing raw materials in materials so that the pressure is definitely as low as possible with the product or can produce good quality goods.

2. The principle of the seller or dealer.

This is the economic principle that is based on a variety of efforts to meet the tastes of Kosovars, of course, with the promotion or advertisement, with a variety of equivalent gifts, etc. to reap a lot of benefits from these activities.

3. The buyer's principle

This is the economic principle of how to obtain good quality products, goods or services of good quality with prices as low as possible or by issuing a small amount of money.

E. Economic principles arising from

This can be done because of economic principles, such as the following:

1. Economic action

Economic work is the work of the person or persons in meeting the needs of the ordinary, taking rational action, i.e. every action through thought or thinking is cooked beforehand and always stays on the principles of economics. A person is said to be economically acting if he succeeds in striking a balance between the results and the sacrifices that can be met as much effort, sacrifice or cost as much as possible.

2. Economic thinking

The intention of economic thinking is not only how to wear existing sources (from nature), such as: Use the results obtained from nature and then spend it on consumption to meet everyday needs, but how can I evaluate the results of what is obtained from nature in order to have a value for Get me better again, to make up for the purposes or needs that will come here. One can be in katakana economically if the person has done the production of Tyndaka.

3. Science and Technology (science and technology) factors.

The development of science getting here has been particularly intensified in the field of technology and can affect the development or economic growth of a country, for example in replacing goods that origin is the use of power now human has used many sophisticated and modern mechanisms that will certainly be more efficient Faster production of products that will ultimately accelerate economic growth and development.

4. Cultural factors.

Another important factor, cultural factors, is that these factors will promote economic growth because they have a function as a catalyst for development, such as hard work, integrity, tact, and others. But these biases also hinder economic growth or development, such as a selfish and chaotic attitude, etc.

5. Resources for capitalism.

The latter is a capital resource, and the human factor is certainly in need of natural resource management and the improvement of the quality of science and technology (science and technology). These resources, for example, in the form of commodities for development, as well as fluency in the construction of Ecomami, for capital goods, can also increase and improve production.

Tweet