What comes to mind when you hear economics? When I hear it I think of restaurants and stores like Meijer and Wal-Mart. When I go to stores like Meijer I think how the store can improve itself. How you ask, well some things are priced way to high and if they lower it more people will buy it and then that will lead to better business. I also think of how people and government affect businesses. Government is also a big part of economics because of taxes and other money related things. Money is a big part of economics because you can’t just make money you also have to spend it on food for your family and materials to make your business better. This is how I think about economics. How about you?
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ReplyDeleteI really like how your thinking, and I like your idea about new businesses opening. I am also really glad that you liked my paragraph! I really liked your post too! I am very excited to see more of your posts in the future!
DeleteWhen I hear the word economics I think about our government and stores. I also think how they are affected by things going on around them like a new store opening up that is attracting all the customers. This might cause them to lose profit so like you said, they would need to make prices lower or make a new product that would attract the customers back. This is what I think and good job on your paragraph.
ReplyDeleteSorry, just wanted to let you know that in your title you spelled economics wrong!!!
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