Wednesday, February 27, 2013

Demand Headlines

1) Complimentary- Ice cream and hot fudge both have a spike in how much people typically buy since hot fudge companies have had to drop their prices on it.

2) Substitute- As costs of blush and concealer goes up (Makeup to cover acne and redness in peoples faces) more and more women are simply going with the natural look as they buy acne cream instead of the make up to cover their blemishes

3) Elastic- Chickens have gotten so expensive that very few people are buying them

4) Inelastic- Electricity prices have sky rocketed as people are forced to cut elastic expenses out of their lives just to pay for the electricity bill. Despite the infuriating remarks towards the companies, electricity just isn't as easy to get to anymore. People all around are drastically changing their lives in order to pay the bill.

Tuesday, February 19, 2013

Demand and newtilitaly

(Sorry for the spelling the  glasses  are still no there till april)
Three things that i want to and will buy:
Apartment, I want to move out on  my own where i  am  able to start my own life and get on in my own space.I have which apartments i am moving into and a roommate. it is just a matter of turning 18
Dress, i am going to prom and intend to have the most beautiful  dress as way to say goodbye to my high school life.I will wear it probably once though haha
Candy,i always want to buy candy bars. they brighten my day no matter what happens :)

Tuesday, February 12, 2013

Markets

I believe that the free market place is both good and bad. This is because there is so much more opportunity with a free market and this is the only economy where the people have a right to choose what kind of future they want. Personal freedom is really important and having an organized way to express those, like having the government give regulations for people to follow. however it is very bad because not everyone benifits from this system. The old weak and young and injured are left behind and having a system is meant to help everyone. I hope this makes sence because i am running out of time and this is the best way for me toi explain it

Wednesday, February 6, 2013

OpportunityCost

Working at a low paying job with good people versus working at a high paying job with bad people. 
The high paying job gives you all the money you need to survive and a great home life, but you will hate going to work and will never be able to socialize in a healthy real manor with the people around you.
The low paying job makes you work till your death to make ends meet.  However, you have a great life because you are able to meet new people at work and have asocial life that helps you feel content with the world. 

Monday, February 4, 2013

Scarcity


Copper, because copper is a natural resource and with the way that the world is evolving any and all natural resources will be scares because of the need of unnecessary objects that take up to much of the earth. Copper is in everything therefore it is scarce due to the amounts we take from the ground to place in the objects we use everyday and then get rid of when we want to upgrade or when we brake it