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Economics, Supply And Demand
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In the article we find that teenagers have the oppertunity to be demanding about their salary in the baby sitting field, because the amount of babysitters today are scarce. The babysitting population, teenagers, find themselves busy with school, part time jobs, and extracirricular activity. Teena ....
Middle of essay
....6. In economics we concider this an inflation, the amount of resources(babysitters) decreased while the demand for them rose. This is what we would concider the begining of an econic problem because the resources are scarce. This resulted in an increase of price for that service.
We also see that the most experienced, oldest, responcible, and best trained babysitters set the highest prices by up to 60% from a "novice" sallery of $4 to a "expert" sallery of $10 and consumers are willing to p.... |
| Number of words: 518 |
Approximate pages: 2 |
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