Economics 101 Essay

In this example below you will see how to do a Economics 101 Essay with some HTML / CSS and Javascript

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		<span id="name">Shakira Peralta</span>
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		<span id="subject">Economics</span>
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    <h2>Economics 101 Essay</h2>

<p><strong style="color:black; Font-family:Arial; font-size: 25px"/><em>Economics is usually known as the study of financial situations. Which is correct but that is not only what economics is. It is also about the study of scarcity, resources, and decision making. Scarcity is when their is limited resources. Resources are the supplies used to make a type of production. Desicion making in economics is all about what is  convenient and worth it. When working with money you have to think first of how and when to use it. </strong></p></em>  

<p><strong style="color:black; Font-family:Arial; font-size: 25px"/><em>Scarcity is when their is limited resources. For example, money and time. Time is the best example to describe scarcity because their is no way to control it. Scarcity leads to the development of economics because when their is a little bit of resources for the production their would be less product to be used by other retailers and consumers will buy more of it because they know that only a specific amount of sellers sell it. According to this interesting reading I heard, it says that especially for cartels when their is a limited amount of drugs to sell they can earn more money out of it because the leader has the power to control it.</strong></p></em>

<p><strong style="color:black; Font-family:Arial; font-size: 25px"/><em>Scarcity is the biggest problem faced by all economies because if a resource is in danger of extinction their production can decrease. For example, if trees are going to extinction the paper companies will shut down because their will be no more paper production. This is an example of how scarcity is the biggest problem faced by economies. Also, when time is limited things have to be in a matter of time because if not that can affect the economy. For example, if avocados run out in a supermarket they have to ask for more in order to sell because they can loose customer purchase.</strong></p></em>

<p><strong style="color:black; Font-family:Arial; font-size: 25px"/><em>Scarcity affects the price because they will get higher when their is less of it. Scarcity affects the production because when their is not enough resources the products can not be made. Scarcity affects the consumption of goods because if their is a little bit or no items then people will stop buying them. Also, if the resources are not good or in high quality poeple will not want to buy it.<p>

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<p><strong style="color:black; Font-family:Arial; font-size: 25px"/><em>As you can see, economics is more about how and when to manage productivity besides just finance situations. Opportunity cost is when you have to give up something to do another thing. For example, someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it. Economics consists of the factors of production to differenciate between what are the resources and labors.<p>

<h3>Explanation of graph</h3>
<p style="text-align:center"><img src=""width=360/></p>

<p><strong style="color:black; Font-family:Arial; font-size: 25px"/><em></strong>The image you see above is an example of what a supply and demand looks like. The x axis in this graph represents the quantity and the y axis in this graph represents the price. This is a way to organize how prices coordinate the amount produced and consumed. Supply is what is being sold while demand is what is being purchased. The lines just differenciates what is occuring.</p></em>

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