Economics Journal Concepts - Essay Example

I learned that savings and consumption equal one in the sense that they are the total of what makes up the disposal income.

The concepts learned in the economics class shaved eat impact on my life. A case in point is that I have learned that saving and consumption emerge as a result of income that is earned from a particular point. The concepts taught me that without an income, people cannot have a way of consuming. When there are no income individuals cannot save and when there are no savings, investments cannot be realized as appropriate. I have become a wise person in life than I was before about income, consumption, and savings. It has become possible to understand the essence of savings and disposable income. These concepts have had a significant impact on my life, and whenever I get some money, it is possible to know the amount to use and the ones to save. The lessons learned in the last few weeks have been an eye-opener to money in terms of how I spend.