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PHOTO ESSAY
:
THINKING LI
KE AN ECONOMIST
ECONOMICS IN M
Y
COMMUNITY
BY, REGIN
A ASBERRY
BUSINESS #1SHELL GAS STATIONGoods & Services: food and beverages, gasoline, air compressor, and
restrooms
Factors of Production: Bui lding, employees, computers/cash registers, and parking lots.
The Opportunity Cost: walking to work
The Trade Off: Not going to college and going straight into this business f ield.
http://www.google.com/imgres?sa=X&biw=1366&bih=543&tbm=isch&tbnid=8_HfFMImXL2zfM%3A&imgrefurl=http%3A%2F%2Fnatchez-trace.thefuntimesguide.com%2F2007%2F04%2Fshell_gas_station_highway_100.php&docid=RGUdQLHwlqF_dM&imgurl=http%3A%2F%2Fnatchez-trace.thefuntimesguide.com%2Fimages%2Fblogs%2Fshell-gas-station-bar-b
BUSINESS #2DOCTOR’S OFFICEGoods & Services: Quality Health Care, your health care benefit
information, great customer service, comfortable waiting space, free internet
Factors of Production: Bui lding, Doctors, Employees, medical equipment, Parking lot, computer
The Opportunity Cost: taking care of yourself (staying healthy)
The Trade Off: having to go to got col lege for 8 more years in order to start working in the doctors office.
http://www.google.com/imgres?sa=X&biw=1366&bih=543&tbm=isch&tbnid=CsSBBNylBF1SOM%3A&imgrefurl=http%3A%2F%2Fwww.southcoast.org%2Fnews%2Freleases%2F2010%2F042910.html&docid=oMM2edjmsFv_BM&imgurl=http%3A%2F%2Fwww.southcoast.org%2Fnews%2Freleases%2F2010%2F042910-
BUSINESS #3SUBWAY (RESTAURANT) Goods & Services: Food, Comfortable Dining Space, Free Refi l ls, Good
deals, free internet
Factors of Production: Restaurant Space, employees, cash register,
The Opportunity Cost: eating at home
The Trade Off: The manger not having a business degree to run the sandwich shop properly
http://www.google.com/imgres?biw=1366&bih=543&tbm=isch&tbnid=vwsw_dYFxu-eHM%3A&imgrefurl=https%3A%2F%2Fwww.subway.com%2F&docid=dpRrGHsmg13k9M&imgurl=http%3A%2F%2Fwww.subway.com%2Fcore%2Fimages%2Fsupernav15%2Fsupernav_franchising_top.jpg&w=185&h=227&ei=2g39UqqFJsafkAeBwYHoDw&zoom=1&iact=rc&dur=514&page=1&start=0&ndsp=11&ved=0CGsQrQMwBg
BUSINESS #4SHOPPING CENTER (WALMART)Goods & Services: Furniture, Food beverages, Toys, Restrooms, water
fountain, game center
Factors of Production: great employees, stel lar customer service, large parking lots, large bui lding, great prices.
The Opportunity Cost: saving your money on other things or stocking up on coupons to use.
The Trade Off: There may not be enough employees to help run the super store.
http://www.google.com/imgres?biw=1366&bih=543&tbm=isch&tbnid=_n_Wmzg7mfGILM%3A&imgrefurl=http%3A%2F%2Ftopics.nytimes.com%2Ftop%2Fnews%2Fbusiness%2Fcompanies%2Fwal_mart_stores_inc%2Findex.html&docid=zY0RtYgUHJdJuM&imgurl=http%3A%2F%2Fgraphics8.nytimes.com
BUSINESS #5AUTO MECHANIC STATION
Goods & Services: snacks, free rest place
Factors of Production: family owned business, quality work to help fix your car, employees/managers
The Opportunity Cost: have a family member fix your car for free.
The Trade Off: Not going to college to becoming an certif ied mechanic.
http://www.google.com/imgres?biw=1366&bih=543&tbm=isch&tbnid=CYMNlaRuGze6TM%3A&imgrefurl=http%3A%2F%2Fspecialtyfootwearinternational.com%2Fmechanics-should-not-wear-generic-shoes%2F&docid=eTHc89QPdjQG-M&imgurl=http%3A%2F%2Fspecialtyfootwearinternational.com
BUSINESS #5AUTO MECHANIC STATION
Goods & Services: snacks, free rest place
Factors of Production: family owned business, quality work to help fix your car, employees/managers
The Opportunity Cost: have a family member fix your car for free.
The Trade Off: Not going to college to becoming an certif ied mechanic.
http://www.google.com/imgres?biw=1366&bih=543&tbm=isch&tbnid=CYMNlaRuGze6TM%3A&imgrefurl=http%3A%2F%2Fspecialtyfootwearinternational.com%2Fmechanics-should-not-wear-generic-shoes%2F&docid=eTHc89QPdjQG-M&imgurl=http%3A%2F%2Fspecialtyfootwearinternational.com