#3261: The First 3 Laws Of Economics

In this episode, I'm breaking down the three key laws of economics—but not the kind you hear about with money and taxes. These laws are about how the world works based on people’s choices and actions. Most folks don’t even know these laws exist, but they affect you every single day. I’m here to explain what they are, how they work, and why they matter, even when money’s not involved. Let’s get into it. Show Notes: [03:12]#1 Law of economics is supply and demand.  [13:26]#2 Diminish marginal returns.  [21:30]#3 Opportunity cost. [30:30]Recap Episodes Mentioned: 3203: Why Instagram "Ass Models" Exist 2174: There Are No Perfect Scenarios – Only Trade-Offs Next Steps: --- 🎓 Work On Your Game University: http://www.WorkOnYourGameUniversity.com  📧 Get Dre’s Emails FREE:  http://WorkOnMyGame.com  🤖 Use The FREE “Dre GTP 1.0” ChatBot: Https://www.DreAllDay.com/AI  📲 Text Dre Baldwin: Text Dre at 1.305.384.6894 (or go to http://www.DreAllDay.com/Text) 🟢 Sponsor: AG1 by Athletic Greens: http://drinkAG1.com/WORKONYOURGAME  💦 Sponsor: AquaTru - $100 Off Any Purifying Filter Http://WorkOnYourGame.com/AT 🎧 Free Audiobooks:  The Third Day: http://www.ThirdDayBook.com/audible The Mirror Of Motivation: http://www.MirrorOfMotivation.com/audible 📚 The Free Books: The Third Day: http://ThirdDayBook.com  The Mirror Of Motivation: http://MirrorOfMotivation.com The Sales Discipline System: http://SalesDisciplineBook.com  The Overseas Basketball Blueprint: http://BallOverseas.com  Basketball: How To Play As Well As You Practice: http://HoopHandbook.com/Free  💵 Support:  CashApp: http://Cash.app/$DreBaldwin  Be sure to Subscribe to have each new episode sent directly to you daily! If you're enjoying Work On Your Game, please review the show and let us know!  Dre on social media: Instagram [http://instagram.com/DreBaldwin] TikTok [https://www.tiktok.com/@workonyourgame]  YouTube [http://youtube.com/dreupt] Twitter / X [http://X.com/DreAllDay] Facebook [http://Facebook.com/WorkOnYourGameUniversity] Facebook Business Group: https://www.facebook.com/groups/6figuresandgrowing/  All Episodes + FULL Work On Your Game Podcast archive at:  http://WorkOnYourGamePodcast.com