Economics is Everywhere #2 - At the Supermarket (Dtube Video)

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This is the second video in my ‘Economics is Everywhere’ series. This video takes a look at spending and the selection of items in the supermarket. The choices made at the supermarket depends on a number of factors. Some of these factors are as follows:

• The frequency of trips to the supermarket
• The number of people in the household
• The tastes of the shoppers (fresh vs. processed food)
• The size of the supermarket

The economic concepts supporting decision making in the supermarket are also discussed in this video. These concepts are as follows:

• Maximising utility
• Bounded rationality
• Research, data collection, and econometrics

This video can be used to supplement the written post on the same topic. This post can be accessed using the following link: https://steemit.com/economics/@spectrumecons/economics-is-everywhere-2-supermarket

The first video in this series can be accessed at the following link:

I hope you enjoy the video. Don't forget to upvote, follow, or resteem. Thank you.

Below are some additional links for more information regarding material presented by Spectrum Economics

The official Spectrum Economics website can be accessed at: https://www.spectrumecons.com

For more exciting videos go to my YouTube channel at https://www.youtube.com/channel/UCILwyLtjl7ZTlYOqFkAwLzw

You can find me on LinkedIn at: https://www.linkedin.com/in/waynedavies-spectrumecons/

You can find me on Facebook at: https://www.facebook.com/SpectrumEconomics/

You can find me on Steemit at: https://steemit.com/@spectrumecons

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