i dont get what it mean without the clear cut easy understanable example. give me one of your soon, because i am poor in that. Why there is no free lunch? why having more of one thinf require giving up something else ching? Why Scarcity is a basic fact of life? why love is not the basic fact of life Ching? is there any thing that we can get both without giving up something? is there any free dinner or breakfast? help me to answer it soon, i will ask you when i meet you, or you answer on this page, the choice is your dear.
Ok, let me give a simple example of "having more and giving up". Suppose a banana costs 50 yens. Both banana and money are the so-called THINGs, "resources" in economic term. Because resources are scarce, you have to choose between, say, banana and money. You will have to spend another 50 yens if you want 1 more banana. "Free lunch" here is a figurative expression. Or I can put it this way. Let's say, you're treated to a meal. Of course, you'll spend no money, yet you'll give up your time, eg. playing badminton, in order to have that free meal. Please remember that time is also resource. Every resource you have is limited. You have to decide which resource you wanna use and which you wanna keep. This is also applied to the love case you mentioned. It is your choice and balance: To merely love and devote your all time for your loved ones or to love and keep some of your time for other things like sports and classes. So, scarcity is a basic fact life. Does my explanation and example convince?
I understand most, many thank for you time and effort, except scarcity, the last point. Why everything sounds scarcity? again, why it is the basic fact of life? pls, some more exp. however, you have the wonderful exp. with love, Ricky
9 comments:
Nice thought. Any example did he give? Or any could YOU give about the statement?
Yes, everything comes with chance and opportunity cost. U can have one at the cost of forgo other chance.
Have a good day!
Savuth
Yeah...no one gives some for nothing but most give one for some. So to get one or some we have to give at least one!...lolz...
i dont get what it mean without the clear cut easy understanable example. give me one of your soon, because i am poor in that. Why there is no free lunch? why having more of one thinf require giving up something else ching? Why Scarcity is a basic fact of life? why love is not the basic fact of life Ching? is there any thing that we can get both without giving up something? is there any free dinner or breakfast? help me to answer it soon, i will ask you when i meet you, or you answer on this page, the choice is your dear.
Ok, let me give a simple example of "having more and giving up". Suppose a banana costs 50 yens. Both banana and money are the so-called THINGs, "resources" in economic term. Because resources are scarce, you have to choose between, say, banana and money. You will have to spend another 50 yens if you want 1 more banana.
"Free lunch" here is a figurative expression. Or I can put it this way. Let's say, you're treated to a meal. Of course, you'll spend no money, yet you'll give up your time, eg. playing badminton, in order to have that free meal. Please remember that time is also resource.
Every resource you have is limited. You have to decide which resource you wanna use and which you wanna keep. This is also applied to the love case you mentioned. It is your choice and balance: To merely love and devote your all time for your loved ones or to love and keep some of your time for other things like sports and classes. So, scarcity is a basic fact life.
Does my explanation and example convince?
Ah, わかった！ អរគុណច្រើនណ៎ា។ Thats why some people doesnt like economists very much. Only about profit just the way businesspeople are! Lol...
I understand most, many thank for you time and effort, except scarcity, the last point. Why everything sounds scarcity? again, why it is the basic fact of life? pls, some more exp. however, you have the wonderful exp. with love, Ricky
It seems like if we go and pay for dinner by ourself, we don't need to spent time eating it...lolz... interesting explaination.
that is what i really doubt about too. there is no free lunch? how about eating with tbe monk in the pagoda? it should be free. With care Ricky
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