Economics For Wealth Seekers: BRICS Edition, #1

By Mutendwahothe Ramafamba

A book that you understand why your county economy is the way it is and also, you will be taught how to be wealthy in a poverty striken economy. It will makes you understand economics and how to be a good leader in a struggling economy

• Language: English
• Publisher: Mutendwahothe Ramafamba
• Release date: Feb 25, 2024
• ISBN: 9798224895199

Book preview

The Economics of Times.

By

Ramafamba Mutendwahothe.

All rights reserved.

No part of this book may be reproduced or used in any manner without the prior written permission of the copyright owner, except for the use of brief quotations in a book review.

Copyright @2024

Table Of Contents

1: Pure Economics

2: Economics Divergence.

3: Microeconomics and Macroeconomics

4: Regional and area economics

5: Beginning of the abolishment of the gold standards by the USA.

6: Economics and war.

7: Economic model and service delivery.

8: Feeding the population

In conclusion

CHAPTER 1

Pure Economics

T

o understand economics, one has to understand that studying economics helps us fairly feed our families (microeconomics) and also feed our country (macro economics).

In simple terms, economics is the study of how best we can satisfy our unlimited needs and wants with limited resources at our disposal.

This further illustrates the fact that anyone with more resources will satisfy most of his or her needs. Similarly, in macroeconomics, those countries with many resources will satisfy most of their needs.

To easily understand which needs must be satisfied first, one has to check how much resource he has, e.g., money or gold, and then rank all his needs according to what is important, or what income or resources he has at his disposal that he can use to trade for goods or things he wants to buy.

For example, let's say you have five bricks of gold and you want to buy the following:

1. A car costs half a brick of gold.

2. A House cost which cost 3 bricks of Gold

3. A cattle farm that cost 4 bricks of gold

4. A small technology business that cost half a brick of gold

5. A bottling company that cost two bricks of gold.

From the above example, you will understand that you need 10 bricks of gold to buy all the above. As such, one has to make compromises and not buy other goods because he has only 5 bricks of gold.

He must choose the combination that will satisfy most of his important needs first, those that are urgent, and then, with the remaining resources, he will buy the less important ones.

From the above example, you will understand that to fully satisfy most of your needs, you must choose a combination that will allow you to use 5 bricks of gold.

You can buy

1.A car is ½ brick of gold.

2. A small technology firm is like a brick of gold.

3. A cattle farm is worth 4 bricks of gold.

And forgo or not buy a house and a bottling company because you will be short of five bricks.

Or you can buy

1. A house = 3 bricks of gold

2.