Some people were curious about economics, and i finally got the time (and remembered) to do this topic. And i think a basic understandic of economics is necesary to survive in this modern world. I studied business for a year, so i am familiar with some basic concepts.
i know those graphs and numbers look scary at first sight. But is easier than it looks
Let`s get started:
The market: believe it or not, the market is the people. Their behavior affects the value of stuff.
Supply: how much of a product/service is being offered by the population. More supply means lower prices.
Demand: how much of a product/service is wanted by the population. More demand means a higher prices.
Supply/demand: is what people are providing or selling(supply) vs what people buys/wants(demand)
Cost: how much money costs to make a product or to by the things needed to make a product/service and the expenses to maintain it functioning.
Price: this one is obvious, how much do you charge?
Profit: you want to gain more that what you spend to sell whatever you want to sell.
So, for example, if you want to make merchandising for your comic, you first need enough people interested (demand) before even thinking about hiring a manufacturer. And you need to sell for a price higher than your costs to make a profit.
This was a quick brush, hope it helps. If this catches on and people are interested, i may do a sequel. If you have questions or if you also have some simplified definitions, feel free to share them!.