Showing posts with label ecnomics. Show all posts
Showing posts with label ecnomics. Show all posts

Wednesday, June 10, 2009

Diary On My Sustainable Life!

Well, I've decided to...

1. Use less water i.e. have shorter showers and turn taps off when I'm not using them.

2. Turn all electricity and appliances off at night or when I'm not using them.

3. Use baking paper and reusable snap lock bags and containers to wrap my food in, and try buying products that are safe to the earth and planet. There is this really nice brand of shampoo and conditioner called Natures Organics and its only $1.39 !!! And they don't test on animals and only use earth friendly products! Talk about awesome.

Wednesday, May 20, 2009

Economics.

We are learning about economics in class here's some useful information.

When some one is making a product to sell they are making a supply of something, how many people that buy the product are making a demand, and they are the consumers. The equilibrium point is when the two points; supply and quantity, meet. The price goes up and down depending on how many people buy this product, for example; not many people are buying the product so the price goes down to see if people will start to buy it because it's cheaper. The quantity also changes because of the price. The producer makes the money I think. And they put all of the stuff I just said into a graph to find the equilibrium point. This is about the relationship between the producer and consumer. I like a bit of retail therapy sometimes, actually a lot of the time so I definitely help the market.

Here's a link to the site I used to help me find all of this amazingly useful information: http://www.brainpop.com/maths/dataanalysis/supplyandemand/

Thanks for reading!