Imagine this: a bustling city filled with peddlers, peasants, cardboard slums, trash, pollution, and hundreds of shops crammed into corners, yet still being the 8th largest economic city in the world? Can you guess what city I’m talking about? That’s right, Mexico City.
Here’s some background info. Mexico City, is the 8th economically largest city in South America. It produces about 21.8% of the Gross
National Product. The main industries, involve construction, textiles, cement, and tourism. Businesses, are mainly the Citi Group bank. This bank produces 3 times as much revenue as the other 16 branches of Citi Group combined, which are spread through North America.
Everything! Think about it. Everything you have in your home has been made for a price and then sold for a profit. If you go to Meijer and buy a cantaloupe, the cantaloupe costs more than for what Meijer bought it for.
Why? Because Meijer makes a profit, on every extra couple of cents that you pay on an overpriced cantaloupe. Meijer uses that money to buy more, so that it can be resold again, and again.
Everything so far in this 209 word blog is what I think of economics.
Whether its going to the movie theater, the pizza place, selling lemonade, doing a bake sale, buying a birthday gift for your Uncle Bob, buying a cantaloupe, going to the bank, or getting a SpongeBob costume for Halloween [etc.].
When I imagine Economics as a picture. I think of a old man with a potbelly. Sitting behind a desk, wearing a silk Armani suit with a red tie, the best Italian loafers money can buy, and with a sign that says “The Economist.” Yelling at his secretary because she didn’t bring him his usual cup of Kona coffee. That's what economics seems like. A little push and the entire community comes crumbling down.
To me the most interesting thing about economics is how other countries rely on each other. And how the amount of food to be grown is carefully planned out for the course of the year. And What I’d like to learn about is the stock market. How it works, what the symbols, and charts all mean.
Think about it, what does economics mean to you?
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ReplyDeleteyour post is intellectually stimulating and you need more pics and i think this is very different from mine i think my post is short and i am typing this as one sentence which is strange don`t you think that is strange because i do thanks for reading good bye.
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