Economy is present everywhere in my life, from the clothes I wear to the restaurants I eat at. For example, production can be seen by the clothing I am wearing. Because my clothes are made out of cotton, it had to have been harvested from a cotton farm and then the clothing would be produced at a factory that turns cotton into clothes. Next, distribution can be seen at the post office. This is because when you drop of your mail, the post office is distributing it to the people you are sending it to and vice versa when you are getting mail. Furthermore, consumption can be seen by the books we read. When I go to the store, buy the book, and then read the book I am consuming the words and stories from the product I have just bought. Also, goods can be see by the video games I buy. When I go to the store and get a video game I am buying a good from the store. Lastly, services can be seen by the restaurants I eat at. When I go to the restaurant I am being served food so that my family doesn’t need to buy/make food themselves.
These are just a few ways I see economy in my life.
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