economics of outdoors

Essay by calebjmcgowanHigh School, 12th gradeA+, November 2014

download word file, 5 pages 0.0

Chapel Talk November 20, 2014

Good Morning:

How do we satisfy unlimited wants with limited resources? This is the

primary goal of economics. Although I'm not talking about solving world

hunger or deterring the energy crisis (you can talk to Mr. Ames about

those issues). Now Mr. Ames did throw out a profound line earlier this

year. He said, "Economics is the key to not failing life" and I took that to

heart, because, well, one, I didn't want to fail his class, but, two, I didn't

want to fail in life. Economics is not solely about playing the stock market

or solving a country's debt issues. It's about weighing the costs of

something relative to the benefits. An example would be: it's a Friday

night and you want to go to the movies with your friend. But you also have

a paper due Monday in Mr. Nabi's class. You've got 40% of your English

grade in one hand, and wasting a couple hours watching the latest,

mindless movie in the other. Now you're thinking like an economist.

Although, if you ask Mr. Nabi, I usually chose to watch the movie.

Back to the topic at hand: satisfying unlimited wants. Each day we're

faced with them, and each of us must take them head on instead of letting


them completely dictate our thoughts. In my interpretation of the economic

question posed earlier, "wants" are relative to each person and we can

greatly stretch our limited resources to fit the situation. Time is life's most

valuable and coveted resource, it's something that's being perpetually

burned and few of us actually utilize it to the fullest. What would we be

without time? I was lucky enough to realize early on that time is fleeting

and that I must seize it. Even...