“The Single Mom Chronicles of Investing”
In order to fully understand why flattening the curve has had such a global effect, we must understand the bare basics of economics. So once again for my beginner investors, know that economics affect every aspect of our lives. And in order to understand investing we must understand that economics is the study of governments, individuals, and even nations choices on how they allocate their resources to satisfy their needs and wants. Economics is broken into two categories: 1) Microeconomics whose focal point is on the behavior of individual consumers and producers, how people make financial decisions, trade, coordinate and cooperate with one another.
2) Macroeconomics examines overall economies on a international, regional, and national scale. Thus ranging from unemployment rates, inflation, interests rates, and the GDP ( Gross Domestic Product: booms, depressions, expansions, and recessions). Thus why ‘flattening the curve’ has affected our stock market/economy globally. So, invest wisely and learn how to move strategically during this pandemic. Be innovative with your money and lead your family well.
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