Economics class video response paper Assignment Example | Topics and Well Written Essays - 500 words

Economics class video result paper - Assignment ExampleMany young raft are usually preoccupied with new(prenominal) things, therefore finding time to maintain a wardrobe inventory might not be easyAnother important lesson from the video is the idea of quality when purchasing clothing. It is important to invest in clothing that can be used for a long time. This is especially important for young people who might not have a stable source of income. Investing in quality clothing can prove to be economical in the long run. This requires one to look at the labels on the clothing in order to understand where they are made from and the material used. However, considering the spontaneous purchasing way of many youths, it is likely that many of them will not be able to look for these labels. The influence of denote in shaping shopping choices is great, and this appears to be one of the significant forces influencing clothing choices among the youths. It can be argued that for as long as a dvertisements with phrases such as Free continue to appear, they will influence shopping choices. In conclusion, the ideas presented in the video can be applied not only when shopping for clothes just also other items.In this video, Moyers discusses the issue of capitalism and how it has affected the American economy. Richard Wolff, an economist, argues that capitalism has failed to delivered the goods but quite ended delivering the bads, and this has led to the inequality witnessed in American today. Although president Obama has preached the idea of equal opportunity, this is not the exercise in America.Politicians are blamed for not having taken the plight of workers seriously, and this has greatly contributed to the inequality problem. I that believe that the blame is on everyone. When people get what they dont deserve, they should not be exonerated as Wolff does in this video. The problem here cannot be the system but the participants in it.