Most popular places across the globe

Most popular places across the globe 6 most visited countries in the world You can be a fan of man-made wonders and love nature from the distance, but you will certainly take these sights into account next time you are planning your journey abroad. With powerful economics and growing tourist sector, they are sure to remain major visiting spots anytime you book a ticket. Thailand. Crystal clear water, sandy beaches and palm trees make Thailand a delectable destination for tourists, who are looking for some kind of adventure. Temples of ancient Hindu and Buddhist gods are everywhere, and you can get your fair share of spiritual experience by visiting one of the local museums and archeological sites. What is more, Thai people are usually very generous and welcoming towards visitors, flooding their country annually, and the main sites will expect more than 100 million tourists the next year. United Kingdom. Despite political inconveniences that have been occurring in the capital of the UK lately and have caused major backlash from the country’s leading parties, London still remains one of the most visited cities in the world. Its multinational community, combined with eccentric British taste, won’t leave you cold, and the rainy local weather will remind you of the days when Arthur Conan Doyle wrote his masterpieces. The old school style and thriving night life make the country a hot spot for tourists, who are looking for a good adventure and a touch of history. Germany. Apart from being loved by its own people, Germany attracts millions of tourists every year. Some say the reasons are simple: it is not only an affordable destination, but also one of the safest. Germany has the lowest criminal rate among European countries and can boast employment opportunities for students, who want to combine profit and leisure. Foreigners love the country for its natural resources as well, distinguishing protected areas like the Western Pomerania Lagoon Area National Park and the Jasmund National Park. Italy. Many people confess they dream of visiting Italy on a daily basis. With its renowned Mediterranean cuisine and lazy, laid-back Southern lifestyle, this country steadily becomes one of the most desirable in terms of tourism. For those, who would like to bathe in the sun and listen to the waves, crashing on the shore, Italy will be undoubtedly a holiday destination of a century. Luxurious hotels and historical sites in cities like Florence, Venice and Milan have a culture of their own and welcome visitors from around the world. If you are in love with the Renaissance period and art history, you will be delighted to explore the sights that include Colosseum and Roman Forum. Moreover, a guide will always be near to show you around, and even if you do not speak the language, locals are normally friendly towards foreigners. China. You may have heard about the Great Wall of China, but do you know there is a lot more to this country than meets the eye? Other fantastic destinations include the Shaolin Temple, the Huangguoshu Waterfall and the Forbidden City, a romantic and ghostly spot right in the middle of the country, where east and west meet. We cannot speak for all the tourists across the globe, but the majority of those, who ever visited China, said it was the most groundbreaking experience of their lifetime. Not only does this country preserve old traditions and honors the gods of their ancestors, it also resembles a perfect mixture of ancient and contemporary, a combination, thrilling for any traveler with experience. United States. On a global scale, the USA stands second to none in terms of tourism and tourist attractions. Its main destinations are the Grand Canyon, Hawaiian beaches and lagoons with crystal clear water. Educational tourism is a main source of income in more than thirty states, and Hawaiian summers bring millions of dollars to the national treasury. With this number steadily growing, America can be proudly named one of the most popular countries for travelers and adventure-seekers across the globe.

Basic Assumptions of Economics

Basic Assumptions of Economics A basic assumption of economics begins with the combination of unlimited wants and limited resources. We can break this problem into two parts: Preferences: What we like and what we dislike.Resources: We all have limited resources. Even Warren Buffett and Bill Gates have limited resources. They have the same 24 hours in a day that we do, and neither is going to live forever. All of economics, including  microeconomics and macroeconomics, comes back to this basic assumption that we have limited resources to satisfy our preferences and unlimited wants. Rational Behavior In order to simply model how humans attempt to make this possible, we need a basic behavioral assumption. The assumption is that people attempt to do as well as possible for themselves- or, maximize outcomes- as defined by their preferences, given their resource constraints. In other words, people tend to make decisions based on their own best interests. Economists say that people who do this exhibit rational behavior. The benefit to the individual can have either monetary value or emotional value. This assumption does not necessarily mean that people make  perfect decisions. People may be limited by the amount of information they have (e.g., It seemed like a good idea at the time!). As well, rational behavior, in this context, says nothing about the quality or nature of peoples preferences (But I enjoy hitting myself on the head with a hammer!). Tradeoffs- You Get What You Give The struggle between preferences and constraints means that economists must, at their core, deal with the problem of tradeoffs. In order to get something, we must use up some of our resources. In other words, individuals must make choices about what is most valuable to them. For example, someone who gives up $20 to buy a new bestseller from Amazon.com is making a choice. The book is more valuable to  that person than the $20. The same choices are made with things that dont necessarily have monetary value. A person who gives up three hours of time to watch a professional baseball game on TV also is making a choice. The satisfaction of watching the game is more valuable than the time it took to watch it. The Big Picture These individual choices are only a small ingredient  of what we refer to as our economy. Statistically, a single choice made by a single person is the smallest of sample sizes, but when millions of people are making multiple choices every day about what they value, the cumulative effect of those decisions is what drives markets on national and even global scales. For example, go back to the single individual making a choice to spend three hours watching a baseball game on TV. The decision is not monetary on its surface; its based on the emotional satisfaction of watching the game. But consider if the local team being watched is having a winning season and that individual is one of many choosing to watch games on TV, thus driving up ratings. That kind of trend can make television advertising during those games more appealing for area businesses, which can generate more interest in those businesses, and it becomes easy to see how collective behaviors can start to have a significant impact. But it all starts with small decisions made by individuals about how best to satisfy unlimited wants with limited resources.