The Economic Principle Of A Financial Economics Degree

In the past, I engaged in a very specific economic principle. The economic principle that once applied states that, everyone is better off with trade. I still remember when I was younger, studying at Jerome Middle School in Jerome, ID, where I conducted trades. My parents were proud owners of a Hispanic store. When I was younger I would take candy that was on sale at my parents store, bring it to school, and sell it. By doing this, I was conducting a trade with my consumers. I now notice that the principle stated above, everyone is better off with trade, is true. At the end of the day, I would leave with my earnings of the day, and my consumers would leave with their candy, well that’s if they haven’t ate it yet. Now that I’ve continued my studies at Northwest Nazarene University in pursue of a Financial Economics degree, I’ve studies economic issues that many economics have studied around the world. One in which I relate my story of when I was a child. Th e issue of poor countries is a popular one. Many like to question, â€Å"Will poor countries stay poor, if not, how can they become rich?† I look at this question, and think of when I was a child. Referring to my past story, I noticed that I was a child with no capital. I soon found capital finding a supply, candy, finding demand, my fellow classmates, and sell the product with a marked up value, and finally creating revenue. This is what poor countries need to do in order to improve their countries economic situation. AfterShow MoreRelatedThe Theory Of Principles For Financial Theory1339 Words   |  6 Pagestowards the theory of markets, economic fluctuation and a very efficient use of the limited resources. Because of his curiosity, he got the Nobel Prize for his theories presented. The theory of principles for Financial Theory profile sets out the principles that the Accounting Standards Board considers should bring about the research and demonstration of general purpose financial theories in the field of economics. The basic purpose of articulating such principles is to provide a rational frame ofRead MoreThe Theory Of Principles For Financial Theory1337 Words   |  6 PagesHe contributed towards the theory of markets, economic fluctuation and a very efficient use of the limited resources and got the Nobel Prize for his theories presented. The theory of principles for Financial Theory profile sets out the principles that the Accounting Standards Board considers should bring about the research and demonstration of general purpose financial theories in the field of economics. 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