Create an outline of your paragraph about your participation in the economy this week. describe how you were a consumer or producer, and any economic decisions that you made.

Respuesta :

Answer

:A. Introduction: topic sentence describing participation in the economy through buying and selling

B. Examples: bought a book for my e-reader instead of music; sold coffee at work

C. Economic principles: consumer (buying), producer (selling), opportunity cost

D. Conclusion: summary of economic participation through acting as a consumer and producer

Explanation:

The economy works on the process of production, distribution, and consumption of goods and services in a nation. It has various components such as employement, demand, supply, savings, and investments.

An individual may participate in the economy by purchasing a book from a reatil outlet. The price paid contributed to the gross domestic product of the nation. Here, the individual is a consumer as the book is being purchased and used by the individual for studying.

Therefore, the economic decision here made by the individual is in terms of utility that the purchased book is providing to customers and satisfying his learning needs.

Learn more about economic functions here:

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