Wack Machalang

Wack Machalang Manager//Truth Teller//Driven by faith//Business Consultant// Entrepreneur and hustler//Proud dad, husband

Lady Kola ❣️💘
27/05/2026

Lady Kola ❣️💘

📘 Economics Glossary (Important Economics Terms & Definitions)Bangladesh Smart Economics Society- BESS 1. Economics – Th...
16/03/2026

📘 Economics Glossary (Important Economics Terms & Definitions)

Bangladesh Smart Economics Society- BESS

1. Economics – The study of how people use limited resources to satisfy unlimited wants.

2. Scarcity – A situation where resources are limited but human wants are unlimited.

3. Opportunity Cost – The value of the next best alternative that is given up when a choice is made.

4. Demand – The quantity of a good or service consumers are willing and able to buy at different prices.

5. Supply – The quantity of a good or service producers are willing to sell at different prices.

6. Market – A place or system where buyers and sellers interact to exchange goods and services.

7. Inflation – A continuous rise in the general price level of goods and services in an economy.

8. Deflation – A continuous fall in the general price level of goods and services.

9. GDP (Gross Domestic Product) – The total value of final goods and services produced within a country in a year.

10. National Income – The total income earned by the factors of production in an economy.

11. Fiscal Policy – Government policy related to taxation and public expenditure.

12. Monetary Policy – Policy used by the central bank to control money supply and interest rates.

13. Balance of Trade (BOT) – The difference between a country's exports and imports of goods.

14. Balance of Payments (BOP) – A record of all economic transactions between a country and the rest of the world.

15. Capital – Man-made resources used for producing goods and services (machines, tools, buildings).

16. Labour – Human effort used in the production process.

17. Land – All natural resources used in production.

18. Entrepreneurship – The ability to organize factors of production and take risks to start a business.

19. Utility – The satisfaction derived from consuming a good or service.

20. Elasticity of Demand – Measures how much demand changes when price changes.

16/03/2026

Never blame anyone in your life. Good people give you happiness. Bad people give you experience. The worst people give you a lesson. And the best people give you memories.

Congratulations, Mawien Guet Ayii, Atem Abiem Akeen , Deng Dut Mayen, John Ayii Wol and Akol Nyok Mayar! 🎉 You’ve offici...
28/02/2026

Congratulations, Mawien Guet Ayii, Atem Abiem Akeen , Deng Dut Mayen, John Ayii Wol and Akol Nyok Mayar! 🎉 You’ve officially made it out of Juba University"yes, that’s the one with the cool campus and even cooler challenges! 🎓✨ Your journey was anything but easy, but you kept pushing through, showing incredible dedication and resilience. From the first day to the last, you proved that hard work and determination pay off big time. 🚀 Your success is a testament to your strength, smartness and the never-say-die attitude that makes you one of a kind. Keep up the awesome work, and remember: you’re not just a graduate, you’re a legend! 🥇 Keep shining bright and who knows? Maybe you’ll be the next big thing in the world! 🌟

26/02/2026

I'm in the top 14% of Ajiek Madut Deng fans. I earned 56 points on their weekly engagement list last week.

26/02/2026

With Ephraim Yusuf – I'm on a streak! I've been a top fan for 5 months in a row. 🎉

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