Economy

In humanities, we have been studying econemy and were given an assignment to create a product, a good.  We had to pay for our own recourses (using Hum Bucks) and make something helpful to students.  Our group made a bag with pockets and a makeshift speaker.  This was to model Free Market Econemy.  Free market econemy is good because supporters believe that the governmanet should not tell people how much to make.  It is bad because it is based on supply and demand, therefore there is scarcity with certain recourses.  We modeled scarcity, and a real life situation is, when there is a popular invention and many companies want to purchase it, it becomes rarer and more people want it.  If I could do one thing to change this system, it would be to try and reduece the importance of supply and demand because it causes scarcity and prevents lesser companies from growing.  I am really enjoying this unit because we get to see and understand things that are happening in the real world.