Thursday, February 13, 2014
Book Store!
This week in the wonderful class known as Economics was filled with many fun activities, including watching a film on McDonald's and how it became the most popular fast food choice, deciding what business is right for Weserville (etc.) but we now understand businesses would not be here if it was not for two very important things known as incentives and the circular flow model. An incentive is something that motivates a particular course of action, it is also a benefit offered to encourage people to act in a specific way. Incentives are very important to think of while running a business. They are what motivates people to get the job done. For example, in order to get good grades, I must work hard. The good grades would be my incentive. In a business, it is important to think of the things that will benefit not only the person running the company but also the workers (etc.). The circular flow model helps us understand how a business works by showing us where the money goes and the factors important to run the business. To fully understand these concepts, we had to decide what business would be good for the Weserville and create a list of incentives for everyone involved and our own businesses circular flow model. The group I worked in decided that Weserville needs a bookstore. A bookstore is very important for everyone! Many people in Weserville are unemployed and do not have college degrees. Well, in order to work at a bookstore, you do not need a college degree, just show your love and passion for books! Our collection would include many classic historical novels, mathematical books, every kind of book for each individual! When someone reads a lot, they tend to become more articulate and increase their knowledge of the world. Weserville could become even more smart from the book store! Also, we would have a little coffee shop area so you can come in and read and relax for as long as you want! Countless incentives from this little business! It would be a splendiferous choice to choose this business!
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It would be a splendiferous choice indeed old sport. A bookstore would help enlighten the minds of individuals. It would allow for more jobs and opportunities as well! In fact, people in Weserville might actually turn out to be writers! That would be a shock!! Incentives are also very important as well. They can be found everywhere around us. Every single choice we make has incentives and we must be able to distinguish them to make good choices.
ReplyDeleteIndeed, a bookstore would be the most sensible choice. The coffee at Dandy's Mini-Mart is simply appalling, so the store would succeed on that front. Also, a readily available supply of books would encourage Weserville to read more. A love of learning could translate to an increased drive for higher education!
ReplyDeleteI dont think that the bookstore was the best choice, but it was definitely a good one. It got a lot of votes including my own. o btw its Zack just on different account. Anyways as i was saying it is a good choice because it spreads the knowledge so I hope it continues to run well.
ReplyDeleteA bookstore would be very helpful to the people of Weserville, especially, because there are not many schools nearby. In the 4th block class the options we came up with were mostly superstores (Wal-Mart, Bass Pro). We found these necessary because of needs like food, clothing, ect. It also gives many job openings for Weserville. But we definitely should have considered something like a bookstore for education!
ReplyDeleteIn fourth block, we chose Wal-Mart, Bass Pro, and YMCA. I think Bass Pro is the best since we have a lot of hunting grounds, so it could attract a lot of people. Most likely people would not buy a gun at Wal-Mart (if they have any) if they are hunting.
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