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RE: Messy Ecnonomy

in #economy2 years ago

Well done, it was very well formatted and easy to understand the points you were making throughout the essay. It did a great job of showing the contrast between simplicity and complexity within economics. I like how you made economics seem very relatable and explained how common it is in every day life. The point you made about how important it is to have more people and higher activity within the market to make it perform at a higher efficiency shows how interactive it really is.

I agree with your comment on Bylund's quote saying

I think he is really trying to point out how important it is for us as a society to be active in the economy, and to learn the mains aspects of it inside and out.

It is very important for people to understand how the market functions and is affected by the transactions made within it. Whether you are active in the market or not, it is helpful knowledge to be able to comprehend. I like the way you referred to a transaction as a sacrifice in which you have to give one thing up in order to obtain another of your desire. Your essay explained how the economy works in very simplistic terms while also making a point of the complexity of the market behind the scenes. It is a much lengthier process than just buying something off of the shelves and there are many steps to get it to the final point so the consumer can purchase items. Markets also interact online rather than your traditional stores where you would exchange money for goods, helping to expand the markets to many new customers but using the same logic and process as other economic markets. Online stores also allow for items to sell out and resources to be limited which raises the price, showing that different interactions affect the market in many ways.

The structure and wording of your essay make it easy to understand and relate to both Bylund's views and your comments and thoughts on them. Your use of block quotes and headings make the essay very fluid and easy to find and read the main points. Your summary of the text and critical thinking about the topics flowed very well throughout the essay. One of the better essays I have reviewed.