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Economics essay

            
             This year in economics I learned that I am a consumer. Consumers are people who use goods and services to satisfy wants and needs. The economy is based on people like me and the general public in our everyday lives. Without us there would be no business organization, which is a profit-seeking enterprise that serves as the main link between scarce resources and consumer satisfactions. With every thing we pay for from food to a mortgage payment there is a fixed cost or a variable cost. A fixed cost is when something needs to be paid off such as a leased property payment or a salary paid to your executives. Variable costs are when the costs to everyday things are varied such as electric power. .
             I also learned more about GDP and how it is as fairly good indicator of economic health. I learned why production is valued when it is high and how it puts a huge effect on peoples wants and needs to improve their way of life. While learning about GDP I learned there is not only one economic indicator, but there are many. A few are Price Index, producer price index, and unemployment rate.
             One thing I enjoyed the most was the paper searches because it helped me to become more familiar with the newspaper what really is in the business center. What I didn't like about this class was trying to learn how to graph all the demand and supply curves. This class however, has given me a greater understanding of the real world and how it functions. When we did our many business projects and stock projects I learned a lot about our stock market, how to calculate stocks and commission correctly. Also how some very large businesses were founded. One thing I would change about this class would be not so many activity sheets with graphs on them. .
            


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