Topic > The role of the economy in our daily lives - 1150

Individuals are always faced with decisions. America is becoming more materialistic and it is becoming a problem in schools. It may be a matter of limited time. Economics is critical because it broadens our understanding, which thus raises expectations for everyday conveniences. Issues of trade and profit are central to ordinary life as they provide the social order with an adequate and composed framework for the administration of liquidity and business cycles. What links individuals and their lives is how they choose to make decisions against the risk of lack. Economics is about why individuals choose the decisions they make and what the suggestions or impacts of those decisions are, and it plays a significant part in everyone's life. As America advances in technology, our materialism seems to grow and technology has become a tool to distract individuals. A century or two ago, the hierarchy of our society was based on money and land. Today's new materialism determines your position on the social ladder. In many high schools, if you don't have an iPod or any other cool device, a replacement car, or a lot of money, the cool audience typically doesn't even notice a person. In almost all organizations, money and things are the entire basis, so it is logical that Americans are so materialistic. Of every latest idea in economic matters, supply and interest is perhaps the best known by the general population. Individuals' resources are limited, but everyone's needs and wants are unlimited. “We shop to assert our superiority over the material objects that spread before us” (Rose 482). So, how can individuals satisfy...... middle of paper .......com/2009/04/role-of-economy.html>.Hall, Shane. “How is the economy important to society?” EHow. Demand Media, May 18, 2010. Web. March 17, 2014. .Shea, Renée Hausmann., Lawrence Scanlon, and Robin Dissin. Aufses. "From Economics." The language of composition: reading, writing, rhetoric. Second ed. Boston, MA: Bedford/St. Martins, 2008. 474-77. Print.Shea, Renée Hausmann., Lawrence Scanlon, and Robin Dissin. Aufses. "Happy shopping." The language of composition: reading, writing, rhetoric. Second ed. Boston, MA: Bedford/St. Martins, 2008. 490-94. Print.Shea, Renée Hausmann., Lawrence Scanlon, and Robin Dissin. Aufses. "Shopping and Other Spiritual Adventures in America Today." The language of composition: reading, writing, rhetoric. Second ed. Boston, MA: Bedford/St. Martins, 2008. 482-84. Press.