Economics is a concept often misunderstood by many. There are key concepts that aren’t easily understood and often mistaken for something else. In layman’s term, economics is simply the study of how we all use our various resources. Topics like finances, wealth, and banking are often discussed when we talk about economics. And world leader’s need to have a good grasp of how an economy works or how to run a country when running the different affairs of the estate.
As one of the biggest and most powerful nations in the world, virtually everyone is interested in any news about the US. The unprecedented win of Donald Trump during the last presidential election surprised the whole world and it’s no wonder we are all curious …