Economics with a 5 year old

in #economics6 years ago

So I told my son I will read you a story and grabbed a basic economics book and started to read the first line. It goes like this:

“Economics is the study of how individuals, institutions, and society choose to deal with the condition of scarcity.”

Son: what is scarcity?
Me: things that are not a lot of, like money
Son: ohh and toys are also scarcity dad.

Sort:  
There are 2 pages
Pages

So Cool
IMG_20180507_101519.JPG

Very Amazing

he he he....
Really interesting.
Dear @abajnath thanks for sharing such an interesting post..
I am started my journey today...
so help me & please share some information about @steemit

this is cool

Interesting post dear @abajnath
your child is talent..
god bless him.
I have started my journey today..
So, I don't know every thing..
@upvoted

talent full

Hmmm yeah, what a practical explanation of economics. It’s just the decision made on needs and wants

That's right my friend. That we live must be based on need rather than on an inexhaustible desire.

yeap,,so fentastic practical explanation by @abajnath about economy to his son

really very excellent explantation of you @abajnath.because you telling this lesson very perfectly of your son.its very needs for every child. very good.. my dear friend @abajnath

ahah your son is smart ;)
but money are not scarcity :P This is something individual

Great comment

that is why boss @abajnath gave him this example

cool dear @abajnath ...

father and son conversation is very interesting.

kids nowadays are talented

ohh and toys are also scarcity dad
Your son is really genius, even I cant ask such a question to my Dad at this age if he is teaching me economics.
He has got brains. Wish you luck for studying him economics.

I didn't knew anything at the age of 5

Hahaha, same is the case here

i was dim until age 7 I guess

Your son is curious, and curiosity leads to intelligence. Bet he will grow to be an intelligent lad

Already seems like an intelligent one

Yeah, really brilliant boy🎓🎓🎓

having knowledge about economics in such early age is extraordinary...

Agreed. He's a brilliant boy with a great future

unique ability

Your son is very curious. That’s what we adults love about our children.

obviously,people who are more curious
are best learners

ohh and toys are also scarcity dad.

Lol your son is quick learner.
I was just like that when I was a child. I had to know everything.

lol ,and i was just opposite
i had to know nothing

amazing ability

that kid has got bright future unlike me.. lol 😂😂

Oh he's damn right about that😄

Lol..
Bright kid
Played that perfectly

genius kid

Bright kid

yeaps,,so fentastic lesson practicing son by dad,,,really so great way to make a communative in any topic between son and dad,,,its so fentastic to read your boy the first topic that of what is economy ,,,what is the scarsity ,,,
thanks for sharing dear @abajnath sir ,,,,i dint your son can be a stable economist in future

hmm ,,,its so great to read economy @abajnath son ,,,,i agreed

interesting..!
he knew economics better than you!😃😃
god bless him dear @abajnath
Really he is a talented one.

a very good post @abajnath, I think, your child is very curious about what you mean, so he wants to know more clearly about what is scarcity. If you often tell your child about economics, it's very good, because when he grows up he will be able to do better about the economy, and he can succeed as an entrepreneur. Thanks for sharing... :)

Congratulations so great

there will be a time when we have to deal with the shortage of bitcoin
since supply of bitcoin is limited
its price can take a huge leap in future

Already seems like an intelligent one

That is so correct fam. Smart kid

kids nowadys are too smart
and @abajnath has also got one smart kid

kids nowadays learn at such early ages

I was just like that when I was a child. I had to know everything

Did you know everything ?

that's interesting one dear @abajnath
your son cought it..
wishing his bright future..
god bless him..
@upvote has done

yeah,really very best curiousty of your son.he is very talented..only 5 years old he is want to know of economice subject.so,obviously he is very powerfull boy and he being very big person in the world.i wish that..very well done..my dear friend. @abajnath

nice explain, he going to be so genius.

everybody is saying the same

really a great thingking about economics..
like it..👌👌👌👌
waiting a bright future for him..
go ahead dear @abajnath

amazing..
one day he will lead the economic market..
wishing his bright future..
pary for his sound health dear @abajnath

kids nowadys are too smart
and @abajnath has also got one smart kid

hmmm your son is quick learner and also intelligent.
stay blessed and have a fun
thanks for sharing

my younger brother is such like him, he always question me what is it, why, how.....

Great experience with your son.. @abajnath
Your son ask you creative question... " what is scarcity.. ?"
His example about scarcity is so interesting but effective answer.. ha ha ha ha.. Lol..

Wonderful economics explanation. I appreciate the valuable conversation between you and your lovely son.

☺☺👍👍brilliant boy 💓💓💓

Very Intresting Post sir really Like Your Post ...I am your big fan

i think he is more curious to know something.
great explanation

exactly

he tries to answer what he realize about economics,

reading book its very good,by the way your all post super

I love your post Upvote & Resteem Done

you should also say something about the post

excellent thinking..
I like it..👌👌👌👌dear @abajnath
I wish his bright future..
go ahead....

we all like it

wow!
excellent example from playful boy..
pray for his good health...
like it dear @abajnath

teaching modern kids is never easy
they will ask unlimited question in no time

That makes them better

obviously!

kids nowadays are talented

It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.
Btw thanks for the post @abajnath
Waitting for your next post .

Very Intresting Post sir really Like Your Post ...I am your big fan

your son is so fentastic to know about economy ,,,i seem your son learn it will properly ,,,and in future be a usefull economist,,dear @abajnath sir

thus so good to listen your son about economy starting...thus happy starting of economy of your son,,,really defination is so appropriate

the son like a genius one..

Hahahaha. Money sure is a scarcity

true

that is why boss @abajnath gave him this example

Its the branch of knowledge concerned with the production, consumption, and transfer of wealth.

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

I believe that to teach them effectively you must touch their hearts long before you begin to teach their minds

you should also say something about the post

He's gonna be a wise economist, I have lived in ten cities, seen 15 wars and don't still know a dime about economics.

Such an innocent one but answered perfectly when he will grow up he will be successful he is an intelligent child

It's fun to enjoy. You write with an incredible ability. Thanks for the great learning @abajnath!

Wow! What a wonderful way to educate.

Thanks @abajnath 😎

There are 2 pages
Pages