“Common Sense”… That’s Right.
At its core, economics is rooted in common sense. It’s the art of making sound decisions in the face of scarcity, the discipline of managing our limited resources to best fulfill our unlimited desires. These ever-growing wants compel us to make choices, as scarcity demands trade-offs.
In the pursuit of our most pressing needs, we inevitably incur opportunity costs.Because our assets, whether time, money, or labor, are inherently finite. Economics isn’t about perfect answer,it’s about navigating compromises and understanding consequences.
True economic thinking goes beyond intentions. It demands evaluation based on outcomes,not just what we hope to achieve, but what actually results. Ultimately, the entire fabric of economics is woven from the rational choices of individuals seeking to optimize results within constraints