Based on the lesson, how are individuals and economies similar?

Allocation of sources.

Economics has not played its role only in the market but it has a very important role in an individual's life.

When economies think of investing and try to bring something in a market, they think on different issues of allocation of sources. Sources allocation is an important factor in an economies life. If everything is not planned or not allocated well, it can cause a severe loss in business or market.

Similarly, an individual needs to allocate the sources in a well-mannered way to achieve the goals. If the things are not managed well, the result could be reversed or maybe the worse in shape of unbearable loss.

there are conflicting perceptions. what cannot be denied is that despite a long history of discrimination, they finally chose to bow out in grace and handed over power to the majority. it was a painful experience for them to part with their prerogatives and some chose to leave the country. however, they did decide to bite the bullet and go through the process with minimum obstructions.

presently, whites are still a force to reckon with. they are well educated, have technical and business expertise, they understand imperatives of good governance and are responsible for keeping south africa connected with developed countries. despite a bitter history, they are useful team members of the south african team.