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.