Economics: Scarcity in the Market by Justin Lawrenz Delas Armas

justindelasarmas1 — 2021-10-18 08:40:03 UTC

Hello! We are Group 6 from 12-Daniel, Economics course, and we would like to get your opinion on what products/services in today's pandemic will do well in the market.

Kindly list down your top 3 products and/or services and give a brief background or reason why you chose them. Answer in any language you prefer! Your identity will be kept confidential in your posts and anything that you post or share will solely be for academic purposes.

We will highly appreciate your responses so please feel free to share you thoughts and share this padlet as well, Thank you!

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2021-10-18 08:53:25 UTC

1. Home improvement/ renovation services
After being stuck in our homes for around two years, renovations and replacements need to be renewed as to ensure the safety of our homes, an example of this is our lightbulb, or appliances.

2. Fitness equipment
We need to stay healthy and fit during lockdowns, and the best way to entertain ourselves would be through daily workouts. Although this may be expensive, people can still make home-made equipment with the help of internet.

3. Food courier business
An example of a food courier could be foodpanda or grab food. This type of service may excel during the pandemic since everyone is prohibited to go outside of their homes.

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2021-10-18 09:39:43 UTC

fastfood - because people always like fastfood
delivery services - because people go out less often so they tend to order online
internet - because people need wi-fi for online school and work from home

#1 - done
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2021-10-18 09:41:57 UTC

facemask - kailangan ng dagdag na proteksyon laban sa pandemya
alcohol - para mapanatiling malinis ang kamay
sabon - upang mapanatiling malinis ang katawan

#1 done
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jamesfrancisco1 — 2021-10-18 09:44:32 UTC

1. Food delivery - anyone wants/needs food!
2. Online services - productivity tools such as Grammarly, Google Workspace, etc.
3. Air fresheners - As people are stuck on their homes, maybe a good air freshener on their room will make them feel better at least.

#1 - done

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2021-10-18 09:47:35 UTC

facemask - for health purposes
plants - there are many plantitos and plantitas so many will buy plants
courier services - we order a lot online so this will do well in the current context.

#1 - done

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santosmhedan11 — 2021-10-18 10:15:19 UTC

courier businesses - lets you stay safe with minimal charge/risk
hygiene related - such as alcohols, sanitizers, tissues, etc. doesn't hurt to keep clean but especially now
hobby related - time sinks and things that will keep me inside. personally, things like Gunplas, or maybe art-related things for other people

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theresecatapang1 — 2021-10-18 10:27:50 UTC

1. Premium Services: Netflix, Spotify etc.
2. Pre-loved clothes
3. hygiene kits - skin care etc.

#1 - done

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2021-10-18 10:29:19 UTC

1. Face masks / face shields - these products are disposable and used very frequently throughout the pandemic
2. Home decontamination services - asymptomatic COVID patients tend to isolate and recover at home, this service helps mitigate the virus from infecting the patient again and others at home
3. Grocery delivery services - malls and public spaces still prove to be dangerous as infections are still on the high, grocery delivery services allows for the household to stock up on essentials such as food and toiletries without going out.

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davidsheng1 — 2021-10-18 10:40:17 UTC

> wifi: most especially since we can't go out and socialize w/ our friends + go to school w/ our classmates ="D
> food/drinks: a daily essential necessary to survive everyday, regardless of pandemic or not
> delivery services: this is because people don't want to go out of their home due to the virus, but need to buy essentials from outside

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joaquinzapata1 — 2021-10-18 10:41:55 UTC

1. food delivery:
when you want to stay safe and not leave your own house for groceries, people can do it for you. plus, it would help the ones doing the deliveries to get jobs uring these hard times.

2. Plants:
plants can actually help those to relax, and can even help save the environment.

3. gadgets:
helps with online work and computer education.

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leanvillar — 2021-10-18 10:43:33 UTC

1. COVID-19 Necessities (facemask, faceshield, alcohol, etc.) - since the pandemic is still evident, there is a need to purchase these products in order to attend to the safety protocols and keep ourselves and other people safe as well.

2. Courier Services - may it be food delivery or for transfer of packages, both are very important since we, ourselves, cannot deliver the package/food on our own; we need the help of third parties in order to accomplish these since almost every transaction that we do now is online/digital

3. Banking Services - as said earlier, since almost all of our transactions are made digitally, it will be a big inconvenience if the services that allow financial transactions to be made easy would stop working

1 tough 2 3

2021-10-18 10:45:51 UTC

1. healthy foods - as we are in the pandemic, we should keep a watch on our health and maintain being healthy
2. hygiene products - to keep ourselves from catching and spreading the virus
3. wfh essentials - products for study table

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juanesclanda1 — 2021-10-18 11:38:35 UTC

1. personal protective equipment (PPEs)
- because this is among the most essential products nowadays, especially for safety and protection

2. delivery services
- most people are still staying at home, and so these services, may it be for food or other products, will do well in our current situation

3. laptop, desktop, Wi-Fi/mobile data
- these are very essential for the current work from home and online/distance learning set-up

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2021-10-18 11:59:27 UTC

Online Food Ordering and delivery - Since we are still in the pandemic, most of us stay at home and rely on online services. And knowing that food is one of the basic necessities a human needs, online food ordering and delivering it at our homes will make persons assured of their safety, plus their needs for food is served.
Safety and Hygiene Products - Even if we are going to transistion back to face-to-face activities, precautionary measures are still going to be exercised until we are all assured that the virus is eradicated. And to maintain precaution and safety, facemasks, alcohol, and sanitizers will still be bought, meaning they would still stay in the market.
Online Shopping Applications - The need for shopping has never been easier without the use of online shopping applications. Beneficial not only this pandemic, but also in the future, online shopping applications innovated the conventional face to face shopping by just browsing items through your gadgets, decide whether to add the items to cart, and wait for your orders ro arrive at your doorstep without hassle.

#3 done

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2021-10-18 12:29:41 UTC

1. Disinfectant product manufacturers
- Since hygiene is top priority nowadays, these companies will surely make big sales as the demand for alcohol, hand sanitizer, and house cleaning chemicals continue to rise.

2. Laptop manufacturers
- It’s pretty obvious that since the majority of students and workers were subjected to online learning and work from home setups, it makes sense that the sales of these companies will suddenly rise up due to demand.

3. Food Delivery Services
- Since eating out currently isn’t at maximum capacity, the best option for customers is to order food that can be enjoyed in the comfort of their own home without the worry of having to cook.

#3 done

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luisdemesa1 — 2021-10-18 12:53:43 UTC

1. Home/Kitchen Gadgets & Appliances - Since the pandemic started, fads that center around these gadgets and appliances have been rampant all over social media (e.g Home Buddies Group)

2. Delivery Services - It mitigates the need for people to go outside to perform various tasks like shopping, which is essential during the current pandemic.

3. Disinfectants - Hygiene and sanitation is the priority in avoiding viruses, so these products are really doing well.

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2021-10-19 01:14:31 UTC

1) Online Food Businesses
People tend to be lazy/not knowledgable enough/ lacking the time to make their own food even at home. The convenience of ordering online and having it delivered to you is so appealing as you do it all in the safety of your home.
2) Health Supplements
During a pandemic, you may want to keep your body as healthy as possible to increase immunity. Health supplements are easy ways to that and are appealing to older demographics.
3) Gardening Supplies
There has been a boom in plantitos and plantitas during the pandemic. This is because gardening has been a go to hobby for a lot of us. We could assume that a lot of them need supplies for their hobbies.

#3 done

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2021-10-19 01:49:30 UTC

1. facemask - wearing masks is an important habit that each of us should acquire, as this simple measure can drastically minimize the chance of transmission.
2. food delivery - customers may continue to enjoy the minimal contact that online ordering can offer as it can accommodate busy schedules and allows customers to safely send any kind of meal to friends and loved ones.
3. Disinfectants - It is always important to stay in a hygienic environment. Disinfection procedures are crucial in non-healthcare environments, such as in the home, office, or school, to limit the risk of COVID-19 viral contamination.

#3 done

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2021-10-19 03:21:10 UTC

1. Internet service provider - since online learning is emerging as the main mode of learning (or at least an essential part) during this pandemic, the increase in demand will require their services more.

2. Food delivery - customers can enjoy the leisure of eating foods of their choice while having minimal contact with the outside world.

3. PC Building - computers need a standard set of specifications in order to run smoothly during online classes with minimal lag and error. Most people probably do not know how to achieve this, so getting help from an expert will ease their worries.

#3 done

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2021-10-19 09:42:55 UTC

Food Service
Whether street food, fast food, gourmet, frozen, quick-cook or RTE, everybody eats!

Gadgets and Devices for Online Work or School
Cellphones, tablets, laptops and desktops have become essential tools for work.

Bikes, bike parts and accessories
Ideal means of transporation during the pandemic, the need for bikes have soared. It’s economical, it’s a good way to get exercise, and social distancing is observed when riding a bike!

#3 done

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2021-10-19 13:43:12 UTC

1. Internet Service Provider - Working from Home and Online Classes have been the new normal during this pandemic. A great internet connection has been a top notch neccessity for almost everyone nowadays.

2. Online Banking/E-wallet - Little contact with a tangible thing like bills and coins that are constantly in contact with the virus could lessen the risk.

3. Delivery/Courier Services - It comes in a good idea that you won't need to go out to buy your necessities as some take it as a job for a lot of you to stay home. If in every 100 of people, 99 stays home and 1 courier man deliver or do the job for them, not only it lessen the number of people outside at risk but also helps a man in need of income.

Products:
1. Sanitation Kit - Protecting yourself whenever it is inevitable to stay at home 24/7 goes a long way in reducing the risk with COVID-19.

2. Face Mask - A mask not only protects you from the virus but also from the pollution and other diseases of the back of your door step.

3. Smart Phone - It's been a necessity for years. Not only it is used for communication but also for validation of news. In the light of fake news, validating information with the use of the most accessible device can acquire you knowledge and reliability. It is also great for the WFH set-up and online classes.

#3 done

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alyssaalisuag1 — 2021-10-19 15:19:56 UTC

1. Delivery/Courier Services - Since travel is restricted and people are confined within homes, courier services are availed as a convenient means of obtaining necessary food and products.
2. Online Media Streaming Services - Individuals have turned to films, TV series, and sitcoms alike in order to cope with the lifestyle changes by the lockdown.
3. Technology Services - Since people have been forced to attend work and school from home, technology services provide people with a means to stay connected in a digitally driven world.

#3 done

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richeldacrisostomo1 — 2021-10-19 15:22:21 UTC

1) Disinfectants and Alcohol
to be able to kill 99.9% of germs

2) Courier services
para dumating si #shopee ng mas maaga emz but no kidding, courier services have been the go-to of individuals if they want to buy foods or send something to their loved ones

3) Journal
ongoing pandemic, it's really quite overwhelming and self-care is really important in order for us to be sane during these times

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2021-10-19 15:27:57 UTC

1. Shopping/Delivery services
-since people are spending an increasing amount of time at home rather than outside, they are becoming increasingly reliant on delivery services to access services from the comfort of their homes.
2. Gadget accessories
-people have become hooked to using their phones/gadgets therefore this product has a high chance of establishing a strong foothold in the market.
3. Pet products
- people are increasingly bringing dogs into their homes and as a result, it's agood idea to consider dog accessories/goods as well

#3 done

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meganolladas1 — 2021-10-19 15:52:00 UTC

1. Cleaning products (sanitizers, alcohol, soaps, & etc.) - People have become very cautious when it comes to cleanliness in order to prevent contamination or transmission of diseases.
2. Food delivery services - People miss eating restaurant food but prefer convenience and do not want to risk going out to eat.
3. Internet Services - Most communication is done through online platforms both for school and work making this in high demand.

#3 done

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robinvicente2 — 2021-10-19 16:04:47 UTC

1. Delivery services - to be able to obtain essentials without needing to go out and risk catching the virus.

2. Gadgets - to be able to keep up with the pace of online classes.

3. Cleaning products - to be able to ensure that the homes and their inhabitants can be disinfected and protected from the virus.

#3 done

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2021-10-19 16:20:36 UTC

Trendy Items - Trendy items or fads such as items related to Squid Game (i.e. dalgona candy) or plants for the plantito trend that is currently going on could be a great idea for a product in today's online driven world.

E-commerce - Online businesses will tend well during this current situation as most of us can't go outside our homes. Services such as Shopee and Lazada are growing in today's pandemic because of the convenience that it brings in today's world.

Technological products - Products that allow us to connect with the outside world such as laptops, cameras, smartphones could be a great business idea in today's pandemic as most people need ways to be able to work or study. These things will enable the customer to do said things on the comfort of their own home.

#3 done

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2021-10-19 16:24:47 UTC

1. Home renovation/improvement products (eg. appliances, organizers, aesthetic containers) - Both due to the fact that most people are forced to spend most of their time in their homes, and as a way of coping amid the pandemic, many people have turned to buying and sourcing materials that improve the functionality and aesthetics of their homes.

2. Courier services - Everyone is encouraged to stay at home, and it is risky to go out even when it's necessary, so courier services (ie. for food, online shopping, deliveries, etc.) are very convenient and essential when it comes to the movement of goods in this climate.

3. Hygiene products - Because of the nature of the pandemic, it is important that we keep ourselves clean and safe through washing our hands and sanitizing our spaces, hence the need for these types of products.

#3 done

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karlendozo — 2021-10-19 17:17:10 UTC

1. Delivery Services
With the current pandemic, online delivery services are essential as it is the safest and most accessible way one can buy products.

2. Technology (specifically those needed for work)
Online setting = need tech for study/work

3. Streaming Services
We need entertainment kasi hassle maging masaya sa online
#3 done

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joshuapadilla4 — 2021-10-20 02:09:07 UTC

1. Alcohol spray bottles
This would be a very helpful and convenient product to have especially when you need to disinfect on the go.

2. Delivery Services
Being able to access apps that help you buy products or send items without leaving your house is very helpful especially now that we are under community quarantine.

3. Internet
The internet is very helpful to have during the quarantine. With it we can communicate with others from far away for our work or for fun.

#3 done

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2021-10-20 04:05:21 UTC

Internet services - In this time where people are urged to stay at a distance from each other, and are forced to thrive in a digital world, I’d say internet services are becoming a costly necessity as it lets people connect and communicate in a safe way. Moreover, it serves as an avenue for the people to keep in touch with the world.

Face mask - To lessen transmission, face masks have been implemented to wear when one is about to go outside. Making it a necessity for the mass.

Courier services - Moreover, to lessen people going outside, delivery services have been essential to provide the wants and needs of people with lessened risk of COVID-19 transmission .

#3 done

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2021-10-20 04:14:50 UTC

1) Online Platforms (Social Media, Media streaming, E-Commerce, etc.)
- They were popular even before the pandemic more so now that people aren't able to go out. They have essentially been a proxy for our public spaces.

2) Delivery/Courier Services
- There are still things that people want and or need that can't be digitized and satiated virtually. Delivery/Courier services fills this gap and work in tandem with the online platforms from before to provide physical consumer demands.

3) Tech Products and Infrastructure
- The online platforms mentioned previously would not be populated nor operational without these.

#3 done

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2021-10-20 07:13:22 UTC

1. Internet
- I need to do school work and other tasks
2. Courier business
- when i need something safely delivered
3. Online Shopping apps
-helps me buy the things i need without going out

#3 done

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buensantos1 — 2021-10-20 12:13:40 UTC

1. Tech products/PC building - Online class

2. Banking services - Will always be important, prolly just need innovations to adjust

3. Delivery services - Very famous rn due to its convenience

#3 done

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2021-10-21 01:52:12 UTC

1. internet/social media services "packages"
-'yung tipong sa internet/data na babayaran mo, may kasamang netflix o spotify na.
2. customized cloth face masks
-mas patok sa mga kabataan as long as safe and reusable ang mga cloth face masks
3. homemade pastries
-trendy siya around neighborhoods and it's more than just buying pastries, it's more of a supporting-one-another type of camarederie

#3 done