Friday, February 5, 2016

Food Industry

 
 
Source: http://www.timigustafson.com
 
  • KEY ECONOMIC PRINCIPLES I’M ADDRESSING:
    • 2) All Choices Have an Opportunity Cost: Every time an investor, saver, consumer, or producer makes a decision, there is an alternative course of action that could be taken.
    • 3) People Respond to Incentives in Predictable Ways: An incentive is something—either positive or negative—that influences the choices that a person makes.
    • 5) Institutions are the “rules of the game” that influence choices. Laws, customs, moral principles, superstitions, and cultural values influence people’s choices
  • OVERALL RESEARCH QUESTION: How does the food industry affect an individual?
  • SUB QUESTIONS
    • Organic vs non organic? How does one’s income affect the types of food they buy?   
    • How does the food industry affect one’s self-image?
    • What if one can’t afford to buy fruits, vegetables, and other healthy foods?
    • Is food still affordable nowadays? For a family? For an individual




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