Saturday, April 14
5 Lessons learned from Macroeconomics
1. Persistence is no good if applied in the wrong context. A persistent BOP deficit leads to a downturn in the economy.
2. Overprotection gets you nowhere. Infant industries do not grow because of overprotection from the government.
3. Over-deflation of someone's ego leads to depression. In the economic case, recession.
4. Long-term methods to resolve a problem may be slow, but it's the best. Economic restructuring is the slowest way of resolving inflation, but effective.
5. People with comparative advantages in subjects should help each other. Learn to explain the theory of CA and gains from trade =)
All the best for GP and Econs paper on Mon!
Little turtle
there i go again 11:29 am