Posted: March 14th, 2023
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Perspective of a 23 year old woman
POST 1:
Think about a major purchase you made in the past few years. Describe the decision process leading to the purchase. What trade-offs occurred in making this decision?
Describe the concept of opportunity costs. What were the opportunity costs of the decision you described above?
Post 2:(in response unfortunately I wear a lot of fast fashion due to the affordability shein, target, and fashion nova)
Where did you buy your clothes (the store)? When you shopped there, did you look for labels telling you where the clothes were produced?
Do you think the workers who produced that clothing received fair payment for their labor?
What things do you consider when buying an article of clothing?
In what countries (or countries) were your clothes produced?
What principles of economics are demonstrated in this quick survey of clothing purchases?
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