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  A companion of mine as of late posted an article on Facebook that grabbed my attention and made me think, Goodness, I couldn't really understand! The article was about how our cerebrums can fool us into settling on awful choices without us in any event, acknowledging it, and I contemplated internally, Hello, this would be perfect to discuss as a prologue to conduct financial matters! So it is right here: a prologue to conduct financial aspects. What is Behavioral Economics? introduction to behavioral economics Behavioral economics is the study of how people make economic decisions. It looks at how our environment and psychology influence the way we make decisions that are often not in our best interests. Behavioral economists believe there are many factors that can lead to a person making a bad decision. Factors such as cognitive biases, time pressure, money illusion, and lack of self-control can lead to irrational decision-making. keywords: an introduction to behavioral economic...

what is an economic system ? A n economic system is an organized way in which a country allocates resources and distributes  goods and services across the whole nation. The term economic system may also apply to a specific region it includes the combination of several institutions entities agencies decision-making processes and patterns of consumption that all make up the economic structure of a specific community. Hence it is a type of social system defining the economic system of a nation today is much more complicated than it was in the past ancient economic systems were relatively simple before money existed people traded in goods and there was a barter system in ancient systems there were relatively few treaties & rules of engagement every economic system focuses on the supply of goods and services and demand the supply side has three factors labor land and capital economic systems define how goods and services are produced how they are distributed and at what price the...