Economics simplified
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  1. #1

    Default Economics simplified

    Masterpiece on economics
    ------------------------------
    Read slowly.....to understand the concept.

    One day a tourist comes to the only hotel in a debt ridden town in Kenya. He lays a 100 dollar note on the table & goes to inspect the rooms. Hotel owner takes the note & rushes to pay his debt to the butcher. Butcher runs to pay the pig farmer. Pig farmer runs to pay the feed supplier. Supplier runs to pay the "lady of the evening", who in these hard times gave her services on credit. Lady then runs to pay off her debt to the hotel owner for the rooms she rented for her clients. Hotel owner then lays the 100 dollar note back on the counter. The tourist comes down, takes his money & leaves as he did not like the rooms.

    No one earned ANYTHING. But the town is now without debt & looks to the future with a lot of optimism.

    And that is how the world is doing business today !! A classic and simple way to explain..

  2. #2

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    Nice story and good economics ..............NRS

  3. #3
    Join Date
    Nov 2010
    Location
    Chennai,India
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    Dear Sir

    Excellent illustration of todays economics

    BS

  4. #4
    Join Date
    Sep 2007
    Location
    Trichy
    Posts
    978

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    Nicxe one. Thanks
    Ragothaman N

    Happy moments, praise God.
    Difficult moments, seek God.
    Quiet moments, worship God.
    Painful moments, trust God.
    Every moment, thank God

  5. #5

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    very good explanation on world economy...
    VSeenu

  6. #6

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    very good story.
    Live, Love, Laugh
    With regards,

    Mohan

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