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RE: EEE3

in #eee2 years ago

I think you made great points throughout your paper. The portion that said “> QuoteYou would not want to take advice from someone who has never had any experience with the economy or on a fundamental level believes that the economy is based on something ridiculous such as the number of trees in an area.” is something that really resonates with me because we are constantly blasted with tons of opinions from a variety of people in all walks of life, yet many of these people do not have what we want, rather just an opinion on how to get it. It is important to always look deeper into the intentions of the person that is attempting to convince you so we can understand where they are coming from and adjust accordingly. In most cases, they are likely trying to sell to us and do not care about the end result of our lives. You also mentioned “> Quote everyone's needs are changing and our wants are most definitely changing.” which is a good point because throughout human history, our species has constantly moved on to ‘the next thing.’ We never can be truly satisfied and are always looking ahead to what we can do, buy and say next. The premise is the same in the economy, as products constantly must evolve to fit the ever-changing needs of the customers and businesses must adhere to this by changing along with them. It can be difficult to change something that has worked for so long, but it is inevitable at the end of the day. It also is great for our economy, as this constantly provides consistent growth across time and people continue to buy more and entrepreneurs continue to make more. Lastly, you made a good point in regards to how much goes into creating and selling a product. The candy example Bylund uses is a perfect reality check to the complexity of the system, which really makes you sit back and appreciate how much we have. To think about how much goes into bringing 1 jelly bean to your house for you to eat is mindblowing and I think that portion of your essay was a great addition. Overall, your essay had great points and showed clear understanding of the material.