What is the market place exactly
This presentation is the property of its rightful owner.
Sponsored Links
1 / 13

What is the Market Place exactly? PowerPoint PPT Presentation


  • 66 Views
  • Uploaded on
  • Presentation posted in: General

What is the Market Place exactly?. Economic Origami and how the market place is like a football field. First the Economic Origami. First fold your paper in thirds like you are folding a letter. Make this in the middle Title this the Marketplace. $. Part two the end zones.

Download Presentation

What is the Market Place exactly?

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


What is the market place exactly

What is the Market Place exactly?

Economic Origami and how the market place is like a football field


First the economic origami

First the Economic Origami

First fold your paper in thirds like you are folding a letter.


Make this in the middle title this the marketplace

Make this in the middle Title this the Marketplace

$


Part two the end zones

Part two the end zones

Next fold both sides in

about 2 1/2 inches to make

Flaps on the sides


Just unfold and you now have 3 football fields to play with

Just unfold and You now have 3 football fields to play with

We will look at three ways to compare

the marketplace to a football game:

1.The field itself and its players

2.The action on the field

3.How to get on the field in the first place


Field 1 and the players

Field # 1 and the Players

Team 1 The Buyers (end zone)

Team 2 The Sellers ( end zone)


Pick a good or service for the field and draw a sliding scale at the 50 yard line

Pick a good or service for the field and draw a sliding scale at the 50 yard line


In field 2 what does each team want to accomplish on the field

In field # 2 What does each team want to accomplish on the field?


The field of play is the good or services being offered for sale

The Field of Play is the Good or Services being offered for sale

This creates an opportunity for the two teams to fight it out in the market place to determine the price of the good or service:

The buyers want rock bottom prices

The sellers want Massive profits

Who will prevail?


Market forces determine the outcome in this football game

Market Forces determine the outcome in this football game

The Real Income Effect

The Substitution Effect

Law of Diminishing Marginal Utility


Can both sides g et what they want quid pro quo field 3

Can both sides get what they want?Quid Pro Quo (field # 3)

Buyers: Goal

Sellers: Goal

Massive Profits

Cheap Goods and Services


Field 3 how do you actually get on the field and into the action

Field # 3How do you actually get on the Field and into the action?

Buyers

Sellers


The market place settles these encounters with market forces

The Market Place settles these encounters with Market Forces

The results of these forces meeting in the market place create the prices we find in our stores QPQ


  • Login