You'll Simply Love it

Hello guys and welcome to a new blog, in my previous blog which was on satisfying your wants in which I briefly explained with an example that how to satisfy your wants but when I read it again, I thought that Is satisfaction really good for a human?  when I contemplate about it I came to a completely different perspective. Human beings have a character of relating everything they have done with a certain satisfaction(happiness, money, respect, power) but what if that satisfaction turns into complacency, the result will be disastrous. The result will that human will stop growing or getting better day by day. There is a principle in economics that Trade can make everyone better off which means if a country A is a competitor of Country B in a certain product due to that competition both the country will try their best to maintain a better quality of the product at a little lower price. So both the country will, in turn, provide a better product. But if there was the

Hello, guys welcome to a new blog I was recently shopping on Amazon , when I was left in a confusion to buy between two types of goods whether to buy a watch or a new t-shirt when I thought that this would be the problem of all around the world i.e. how to satisfy your wants  with limited resources first of all this is the basic idea around which economics revolve getting maximum satisfaction with limited number of resource. Not like that, but how can you satisfy both of your wants? the answer lies in the commonly used word in economics utility, by seeing utility you can easily make a better choice. For example, in my case, there was a tradeoff between a watch and a t-shirt so what should I opt to get maximum satisfaction when I inspected my wants I came to a conclusion that as I am not in dire need of the two I should wait for a month as a sale was approaching and also by adding some more money(resource) I will be getting a decent product .