Economics is wierd. Check this out

Ok, I studied Economics for 4years and I've got this reason why I think the course is weird. 

An Economist called Jean Baptist Say brought out a law which states that “SUPPLY CREATES ITS OWN DEMAND”. What this means is that for people to buy my goods, I have to bring it to the market and once I bring it to the market, people must buy it. Therefore, aggregate supply equals aggregate demand, this simply means that all the goods that traders bring to the market are all bought. Wow!! This was wonderful news. People received it like a prosperity gospel from a preacher. If I want to sell my goods, all I have to do is to produce it and bring it to the market, there was no such thing as 'bad market'. Once I bring it, people must buy…. Alright then, everybody started producing and bringing their goods to the market to the market since they are sure they will sell them 'nobody wan carry last'… soon enough, there was OVERPRODUCTION; Many producers and sellers without available people to buy the goods. Everybody wanted to be a seller, goods now became more than people had money to buy. This overproduction led to what Economists call the GREAT DEPRESSION OF 1930’s.

    Another man called JOHN MAYNARD KEYNES who was among those happy with what the man above said now decided that 'Oga J.B Say' was wrong and brought out his own law called EFFECTIVE DEMAND THEORY. He said that supply does not create demand; rather effective demand creates supply. Effective demand is a situation where people can make purchases only when they have the money to buy them. If Bisi wants to buy a car but does not have enough money to buy the car, then Bisi has no effective demand, but if she has the money to buy the car, then her demand is effective. So what 'Oga Keynes' was saying is that it is what people want to buy and have the money to buy that will determine what is sold in the market. So that if you want to bring your goods to the market, you have to check if your target customers had their demand effective; i.e the desire to buy coupled with their purchasing power.

Hmmm.... I began to wonder, who is actually right? Oga Say or Oga Keynes? If Mama Titi did not bring Power Oil to the market, how will I know that such groundnut oil exists for me to buy; if Toyota did not build Toyota Camry ‘Spider’, how will I even know that such a car will exist so that I can start saving money to buy it…. So 'Oga J.B Say' was right. On the other hand, what if Mama Titi brought Power Oil or Toyota brings Camry spider and I don’t have enough money to buy them or I don’t like them. That means ‘yawa don gas’ for Mama Titi and Toyota. So 'Oga J.M Keynes' was also right. Which one should I follow……… Economics   #Smh.....LOL!!! I hope you were able to learn a thing or two about Economics, Economics is not as difficult as you think...Economics can be very interesting..... Comment below.