02 October, 2014

Choices, Choices, Choies

Hello again friends! What does choice have to do with economics you ask?  Visualize stores in the mall, lets use Aeropostale and Hollister. Those are pretty popular stores right? So did they just throw clothes that the manager personally likes out the first time they opened? No, before Aeropostale and Hollister opened they did research and studied what type of clothes people like so that people would CHOOSE to shop there, and give their store a good reputation! The success of a business all depends on their understanding of what people like. Choice is an act of selecting or making a decision when faced with two or more possibilities. Hollister and Aeropostale had the CHOICE to find out what people liked or to just throw out some clothes! Our choice determines the money and success of businesses. Economics=Money Money=Choice Economics=Money and Choice.

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