1. Economics Principles: Importance and Advantages
Trade can be simpler and what is being traded does not need to be some sort of material necessarily, for example: I might explain the History homework to my fellow classmate if the agrees to explain me the Accounting homework afterwards, in this case I bring something unique to the deal, knowledge, and so does my classmate. ... Professional Football players are offered an extra amount of money for each goal that they score that week, motivating them to play well and help the team achieve victory. This principle is so basic that it is hardwired into our mammalian brain and we share the response...
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- Grade Level: Graduate