Discussion Replies Will anyone help me write two replies for a discussion board? 1. Top of Form 1. After reading and studying many units over Microeconomic

Discussion Replies Will anyone help me write two replies for a discussion board? 1. Top of Form
1. After reading and studying many units over Microeconomic

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Discussion Replies Will anyone help me write two replies for a discussion board? 1. Top of Form
1. After reading and studying many units over Microeconomics, I have come to better understand the foundation of our economy, how it operates and what affects it. I learned that trading, as an importer or as an exporter, greatly determines our economic growth. That supply and demand have complex relationships that helps us determine economic behaviors. What consumer choice is and the many factors that contribute to it, like perfect substitutes, perfect complements, normal goods, giffen goods and inferior goods. How price discrimination creates monopolies and the efforts made to prevent monopolies in an economy. Even the true and many costs involved in production and what a competitive market is. Ultimately, I realized that the economy could change our lives drastically and we have almost complete power over it. Depending on our spending, our country’s production activity, trading activity, prices, cost, and markets available, the flow of money could be better off or worse off. The economy keeps society moving and working. And there are many factors taking place behind the scenes that keep that economy healthy. It is one of societies many foundations that makes our daily lives functionable. 

2. ts no doubt that this past 2 years have been rough for everyone due to the Covid pandemic. At the beginning of this schools semester the economy was still rough becasue of the covid pandemic, especially when new variants of the virus kept coming out. At that time people were scared to waste their savings due to what was going on, which in turn made people not spend money which hurt the economy. Now if you ask me how the economy is doing, I’d say it doing better. More people are starting to go back to work, spending more money, unemployment is going down, which is boosting the economy back up. As we see from Business Insider, ” weekly filings for unemployment benefits slid to the lowest level since 1969, and the spending throughout October was stronger than forecasted.” “Data and bank reactions suggest a new boom started in October, last month saw the Delta wave fade adn ratail sales rip to record highs.” Still as we see the economy trying to shift back to normal, their is still some things that are still rough, like some supply issues and inflation. Lets just hope that we can continue to have a positive growth in the economy. One thing for sure tho, lets hope this new “Omicron” variant of the covid virus does not influence new fear and start to shut down again.

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