Friday, March 8, 2013

Journal Topic 4 Ripple Effects and Elasticity



The ripple effect of a change in the price of oil affects the various markets that make up the economy.  The oil can really affect everyday life for each person, because oil can be used for production of our daily needs. 
There is also such an example in education system. The education system provides children a change of getting a good job in society.  The education system is one of the services that can affect very person during their lifetime. If the education system stops, there is a great chance of all the adults in the future have limited knowledge.
Another service that can affect everyone greatly can be the fast food industries.  The fast food industries seem to become one of the needs for people in their life.  Because people now have less time for cooking and eating at home, they always tend to go to convenient stores and fast food restaurants for their regular meals.
The Health services in Taiwan are quite important to the majority of the citizens; it provides a fine healthcare plan for low-income families.  If the health services are not available to anyone, people who are injured might have to take care of themselves.   This proves that health care services are necessities to people.

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