Discussion Topic Economics affects nearly everything we do in
some way. Someone else has produced most
items we consume, or use, in our daily lives,
from food to clothes to music to gas for our
cars. Chances are, when we purchase these
daily items, we don't question the price with
the producer. But in the United States, the
interactions between the consumers and
producers determine quite a lot in terms of
business and economics.
Think about the items and services that you
and your family buy or consume. What
causes you to pay the prices that you do for
these goods and services What determines
the price that's on the price tag? What goes
into determining, or setting, that price?
Consider all the possible elements that could
influence the prices you pay?