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I need an economic article, any suggestions? (an article that deals w/ supply and demand)?

  • please provide websites

  • Answer:

    I guess the most interesting economic article will be credit supply and demand, particularly credit generated by cheques and credit cards. Why? Because cheques and credit cards are very common among people. And they are also the usual prime cause of financial bankruptcy because of unregulated spending. You'll learn how money can actually be created without the conventional supply and demand. Because nowadays money can be created out of thin air. For example, cheques and credit cards is there only when we want to use it to spend on something. There's no backing on the credit loan. Logically speaking, the supply can actually be considered as infinite because money is constantly being created and banks earn money not from loans. Because those loans have no backing. Even if we repay our debt, it will be like getting a loan from someone in the form of a worthless paper and then repay back with the same worthless paper. The banks don't like it. They prefer our cars and houses. The banks earn from the interest. The more people like us are in debt, the happier the banks will be. I believe you'll have a great story if you research on this.

cutie_E at Yahoo! Answers Visit the source

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here is th link which will be useful to you. http://en.wikipedia.org/wiki/Supply_and_demand

karthik v

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