Explore BrainMass
Share

Explore BrainMass

    Economic Demand

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    You decided to post the following provocative statement on your website this week for discussion, "In a market economy, food flows in the direction on economic demand. Need is not taken into consideration. To illustrate, in the event that there are hungry cats and hungry children, the food will go to the cats if the owners of the cats have money and the children's parents don't" (Wright, 2004).

    Readers have begun to post their responses, and now it is your turn.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:04 pm ad1c9bdddf
    https://brainmass.com/earth-sciences/agriculture-and-global-food-security/economic-demand-243244

    Solution Preview

    I definitely agree with the statement that in a market economy, food flows in the direction on economic demand. Need is not taken into consideration. Unfortunately there are many examples that can prove this including the fact that there are hungry cats and hungry children, ...

    Solution Summary

    This solution comments on the following statement: "In a market economy, food flows in the direction on economic demand. Need is not taken into consideration. To illustrate, in the event that there are hungry cats and hungry children, the food will go to the cats if the owners of the cats have money and the children's parents don't" (Wright, 2004).

    $2.19