Economics is the study of scarcity. In economics a major focus is on margins. Specifically, our decision making with regard to scarcity has to do with such things as trade-offs and opportunity cost. Embedded in those concepts is risk. What I mean...
Economics is the study of scarcity. In economics a major focus is on margins. Specifically, our decision making with regard to scarcity has to do with such things as trade-offs and opportunity cost. Embedded in those concepts is risk. What I mean...