Valentines day Economics
Today, Valentines Day, we learned about how Valentines Day plays a role in economics. There are two forces, together that control and its called supply and demand. Some words that come to mine when thinking about economics are goods, services, increase/raise, decrease, supply, demand, and money. Goods are products made or grown. Services is the work someone does for others. Increase/ Raise is to make more. Decrease is to make less. Supply is the amount of a product or resource. Demand is the consumer's desire and willingness to pay a price for a specific good or service. Through their article provided my group was able to pick out the
Goods: Hershey Kisses
Services: Madacrasses all its cocoa beans in Madagascar
Increase: Rise in price
Decrease: Shrink packages
Supply: Hershey obtains about 1/3 of its cocoa from certified and sustainable farms
Demand: 1.2% to 2.2 billion pounds
Goods: Hershey Kisses
Services: Madacrasses all its cocoa beans in Madagascar
Increase: Rise in price
Decrease: Shrink packages
Supply: Hershey obtains about 1/3 of its cocoa from certified and sustainable farms
Demand: 1.2% to 2.2 billion pounds
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