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COMPOUND INTEREST is a wonderful finance tool if you use it correctly. Compounding your interest simply means the money you put into your account gains interest in its first unit of time (this unit is different depending on your account type, some examples of these units are Day, Months, Quarters, Years, Etc.) The difference between compound interest and regular interest comes in the second unit of time (Day, Month, Year, Etc.). The First unit period is the same, Original Amount x Percentage= Interest each unit of time, but in the second unit period the compounding interest’s equation changes to (Original Amount + Total Interest) x Percentage= Interest. With this you can watch your money grow much faster than normal interest will.
Economics!
The Life of Globalization
Everyone’s future goal should be to make him or herself RELATIVELY SCARCE. RELATIVE SCARCITY is someone’s INDIVIDUAL VALUES divided by TIME AND PLACE. If you are more relatively scarce you are wanted more than a person that isn’t relatively scarce. This term can be used in any situation from employment to dating. When you are more relatively scarce you have more options in most aspects of life.
Check out: Morgan Spurlock’s 30 Days - Living on Minimum Wage just click on the pick and read about Morgan living on minimum wage.
Demand: what the consumer CAN and WILL buy. Law of Demand: When: Price = up Quantity Demanded = down When: Price = down Quant. Demand = up
How the World Could Be Flat: Three componance to a flat world are - The PC -Te Internet - Personal software for computer (ex. Windows' Word, Excel, Spreadsheet)
Did you know that pineapple you ate for lunch most likely wasn’t grown around your area? Well, how can this be? It’s in my house and I’m eating it aren’t I? Yes, it most likely is in your house, unless you’re crazy. The only answer for this could be GLOBALIZATION. Globalization is the act of cultures, regions, and countries mixing other cultures or goods.
Laws are made to be broken! This law isn't always true. Scarcity, which you learned about earlier, can effect it. you may have a high demand (emergency Hospital visit) and still pay a high price. This relation is direct, unlike the law's indirest relationship.
Demand and Law of Demand
