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  • Essay / The role of economics in our daily lives - 1150

    Individuals are always faced with decisions. America is becoming more materialistic and this is becoming a problem in schools. Maybe it's a matter of limited time. Economics is essential because it broadens our understanding, which in turn improves expectations of daily comfort. Questions of commerce and profit are paramount in ordinary life because they give the social order an adjusted and composed framework for cash administration and economic cycles. What binds individuals and their lives is how they choose to make decisions against the risk of scarcity. Economics is about why individuals make the decisions they do and the suggestions or impacts of those decisions, and it plays an important role in everyone's life. As America advances in technology, our materialism seems to grow and technology has become a tool to distract individuals. A century or two ago, the hierarchy of our society was based on money and land. Today's new materialism determines your place on the social ladder. At many high schools, if you don't have an iPod or other cool device, a replacement automobile, or a lot of money, then the cool crowd usually doesn't even notice someone. In almost every organization, money and things make up the entire basis, so it makes sense that Americans are also materialistic. Of all the ideas in economic concerns, supply and interest are perhaps the most familiar to the general population. Individuals' assets are limited, but each person's needs are unlimited. “We buy to assert our superiority over the material objects spread before us” (Rose 482). So, how individuals can satisfy...... middle of article.......com/2009/04/role-of-economy.html>.Hall, Shane. “How is the economy important to society?” EComment. Demand Media, May 18, 2010. Web. March 17, 2014. Shea, Renée Hausmann, Lawrence Scanlon and Robin Dissin. Aufses. “On the economy.” The language of composition: reading, writing, rhetoric. Second ed. Boston, MA: Bedford/St. Martins, 2008. 474-77. Print.Shea, Renée Hausmann., Lawrence Scanlon and Robin Dissin. Aufses. “Happy store.” The language of composition: reading, writing, rhetoric. Second ed. Boston, MA: Bedford/St. Martins, 2008. 490-94. Print.Shea, Renée Hausmann., Lawrence Scanlon and Robin Dissin. Aufses. “Shopping and Other Spiritual Adventures in America Today.” The language of composition: reading, writing, rhetoric. Second ed. Boston, MA: Bedford/St. Martins, 2008. 482-84. Print.