Tuesday, May 03, 2011

Economics in simple terms

just got this on Twitter from Gaminegirlie, and it was worth a couple of laughs, so i thought to share.

Economics in simple terms

You see a girl at a party:

  1. You say, “I am very rich, marry me” — that’s direct marketing.
  2. One of your friends pointing at you says, “He is very rich, marry him” — that’s advertising.
  3. She walks up to you and says, “You are very rich, can you marry me?” — that’s brand recognition.
  4. You say, “I am very rich, marry me” and she gives you a nice hard slap — that’s customer feedback.
  5. You say to her, “Marry me” and she introduces her husband — that’s demand and supply gap.
  6. Before you say anything your wife arrives — that’s restriction on entry of new firm.

Very simple terms, no?

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