Who Feed Paris?

In the book, the quote Who Feeds Paris can draw someones attention to what things are happening at an every day moment to make an economy work. For example restaurants have the exact food that their costumers want and the right amount of tools and recourses that make it to a store in need of it across the country. These all can include hundreds of millions, even billions of transactions. Living is more easily than before, life expectancy has climbed, and buying a tv is more easier than before. Trading and transactions are occurring everyday with or without the government.

Decision Making

Three economic concepts that are significant when making a personal decision are trade offs, incentives, and marginal analysis.Trade offs is something that is very common in my life. There have been many times in my life where I needed to make an important decision that will benefit me but will also have negative consequences. An example can be seen from the company tigers financial. their company was losing money because of the rapid change of the currency and especially the commodity stocks such as corn and other food products. They decided in order to save money they would lay off workers. So the trade off is that they laid off workers to save money but now their are people jobless.
    Incentives is also very important in my life. I crave and get motivations daily.  For example when the new Iphone came out the price for the older versions went down so I had the motivation to buy them when they were cheaper. Another example is when gas prices lower my incentive is to go buy gas, or even go buy a new car. Another example is when gas prices go up, my incentive would be to buy a good economic fuel efficient vehicle. As prices and the markets change, incentives also change. 
  Marginal analysis can be described as the next best thing, or can be seen as the marginal loss is greater than the marginal benefit. Marginal analysis can be seen in my daily life, especially when making important decions conflicting with time. An example can be my homework and sports.The marginal cost of the next hour of homework is more important than the marginal benefit than playing or watching sports.

Who feeds Paris

     The quote "who feeds Paris" shows the power of markets, and how when markets are powerful it influences people everyday. The demand for products and recourses can be priced by the market. The market prices them do to the demand of the products and how important they are to individuals.

Decision Making

Three economic concepts that are significant when making a personal decision are trade offs, incentives, and marginal analysis.Trade offs is something that is very common in my life. There have been many times in my life where I needed to make an important decision that will benefit me but will also have negative consequences. An example can be seen from the company tigers financial. their company was losing money because of the rapid change of the currency and especially the commodity stocks such as corn and other food products. They decided in order to save money they would lay off workers. So the trade off is that they laid off workers to save money but now their are people jobless.
    Incentives is also very important in my life. I crave and get motivations daily. An example of an incentive in my life was my business I was running my selling phones. For example when the new Iphone came out the price for the older versions went down so I had the motivation to buy them.