Madison Webster, Chapter 1, Question #6

A passage that stuck me while reading chapter 1, was the discussion about the dog bakery. It sounds funny, I know. "Wealthy professionals pay $16 for birthday cakes for their pets. Meanwhile, the Chicago Coalition for the Homeless estimates that fifteen thousand people are homeless on any give night in that same city" (6). This sounds crazy to me. Why would people be willing to spend the money to treat a pet when there are people all around that are starving and at loss of sheltar?

I kept reading and towards the bottom of the page was statemented, "Economics starts with one very important assumption: Individuals act to make themselves as well off as possible" (6). I believe that this gives reasoning to the uncomprehendable topic above. People will do whatever it take to benefit and please themselves and those close to them. If a person has the option to make their dogs day by buying a cake for it or spending the same alloted money towards a meal for the homeless, many will chose to spend the money on their dog because it is theirs, they own it.

I believe that an important factor in Economics is happiness. I know this isn't one of the "factors of production", but I still think it is worth noting. The market system revolves money, which reloves around how much people are willing to pay for a good or service, which reloves around what people want and desire, which relates to happiness at the core. People strive to please themselves and live a happy life.