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What to do:

1. Think of an example from your everyday life that relates to economics

2. Create a post with your example

3. Add a short description explaining how it connects to economics

4. Include a supporting image, video, or drawing to illustrate your example

5. Read and learn from your classmates’ examples

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1. money is like a scarce recource and you have the choice of what to do with it

2. Lets say we had $20 you can either go to the movies with this money or buy lunch so u have the choice of what to do with this money which is a scarce recource

3. Economics is about business and governments that also includes the use if money

5. . . '

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1. Example from everyday life:
Buying groceries at the supermarket.

2. Post with example:
Last week, I noticed that the price of fresh strawberries had gone up compared to last month. Instead of buying strawberries, I chose bananas since they were cheaper.

3. Short description explaining how it connects to economics:
This situation connects to the concept of supply and demand. When strawberries are out of season, the supply decreases, which makes the price go up. As a consumer, I responded by changing my choice to a cheaper substitute (bananas). This shows how prices influence consumer decisions in the market.

4. Supporting image:

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Every day I decide whether to buy lunch from the cafeteria or pack food from home. I only have a limited amount of money, so I have to choose carefully. This is economics because it’s about making choices with limited resources (my money) and thinking about trade-offs—if I buy lunch, I might not have enough to buy a snack later.

Connection to Economics:

This relates to scarcity, choice, and opportunity cost. I can’t have everything, so I make decisions about what matters most.

Illustration Idea:

You could add a picture of a lunch tray, money, or a drawing of two options (home lunch vs. cafeteria lunch).

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1. you have 20 riyals shawarma is 15 and juice is 10 water is 5

I buy shawarma and water since it’s a need and juice is a want

3. It relates to economics since you use limited resources to satisfy unlimited wants and needs

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1 )is when a person chooses something from limited things

2)choosing pearl instead of animals in the ocean

3) u go to the ocean for a purpose and u have the choice between pearls or fish . many people would go toward choosing pearls since it has a better effects

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If you decided to drink coffee, and you debate which is cheaper, you go online and check, all the ingredients needed divided by the amount of coffees they provide, turned out to be cheaper than buying a coffee from a cafe. So you simply buy the ingredients and do it at home. This is an economic decision

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Creating advertisements as a marketing technique to increase sales

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Yesterday, I went to the supermarket and noticed that the price of tomatoes had gone up compared to last week. I had to decide whether to buy the same amount, buy less, or substitute with cucumbers instead.

This relates to economics because it involves supply and demand, price changes, and consumer choice. When the supply of tomatoes decreases or demand increases, the price goes up. As a consumer, I must make a decision on how to spend my limited budget, which is a core concept in economics.