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RE: Module 3 Essay

in #economics2 years ago

Some overlapping themes of this post revolve around the fact that the economy is dictated by us the consumers, but I think in order to get to the bottom of this we can not just look at what we deem the normal people, we also have to look at the corporations and the government as they also have an impact on our economy. I think the group of consumers that is able to impact our economy the most has to be the corporations and government because they have much more to “trade” with. This allows them more say, so to speak, in deciding what will become of our economy. The author continues this thought process into the next segment they write, they continue to say that consumers dictate our economy, and while part of me believes that is true I do not think it is as easily explained due to the many different kinds of consumers that we see. And while all the corporations, government, and normal people are all consumers they all want different things out of the economy so it has to be understood that they will act accordingly to their interests, which the author brings up when they say, “We do not join a team knowing that we could get hurt and that we must put a lot of effort into it, but because we expect to win.” This is a great example to reiterate that mankind will do whatever is in their best interest. This leads us to the author's section on the economic theory, where according to Byland can be broken down to mean that people work towards their own agenda, and I agree with this because it is very rare that people go buy something purely for the good of others, now I am not saying that there are not people who live for others, but the majority of mankind is going to go shopping for their own personal gain. I myself am a great example of this, I, unfortunately, am known to indulge in a bit of retail therapy so when I go shopping I go with the intent of getting myself something, but then when I get in the store I can very easily be persuaded to get things for my friends because I want to show them that I care.