Blog 3

     I feel that the market system in the US is a good system. The fact that the market tends to the wants of many Americans keeps it strong. Also another strength is that the government doesn't control the market, allowing them to market the basic wants of the US. The biggest disadvantage though is that it doesn't provide all the basic needs for everyone in the society.

     Many years back my dad started a janitorial company. In his mind he was thinking about the wants and needs of many companies in the Portland metro area. He started out selling cleaning supplies to many companies and soon he started hiring so his company can expand to more janitorial stuff like going and cleaning and not just selling the supplies. The janitorial market is a surprisingly large market in which he flourishes in. I wonder if the US will ever change their economic system to see if other systems work better for the US. 

Blog 2

At the end of last summer I had the choice of getting a new car or keep the car I already had. For most people they would pick a new car, but the new car I wanted would get 12 mpg's and the car I already had got 24 mpg's. At the time I was looking for a cool car, a 4x4 and something fun. This gave me the choice of a Jeep, Bronco, a FJ40, or an older 80's 4runner.

Of course, wanting something other then my old cheep Camry, I chose to get the Jeep. The opportunity cost in this is that I can spend lots of my "hard earned" money on gas to be able to drive this gas guzzling pig, or drive the old beat up lemon that gets a whole lot better gas mileage and save up for something else. Also the Camry would never break down because it was well made, but on the other hand the Jeep I found had what mechanics call "the Camry engine for Jeeps," this means it was built well and would never break down. I did have to pay to fix it up a bit to meet DEQ standards (needed a catalytic inverter), and have to pay a lot for gas, but other then that in happy with my purchase.

This all leads me to wonder on all the money I could of saved and other purchases I could of made if I kept my old lemon.

Scarcity
     

Pictured above is a collage of candy. Candy is very scarce in my household due to the fact that my mom and dad feel that it isn't a necessity. I have little money in my candy fund so its a very scarce delicious treat in my house.

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