Respond to the DB prompt in a new thread (150-word minimum) by this is YOUR MAJO

Question

Respond to the DB prompt in a new thread (150-word minimum) by this is YOUR MAJOR COMMENT and is due by Weds at 11:59 pm by 11:59 pm, making sure to incorporate information from this week's materials in your answer. (Copying the DB prompt or large-scale quotes m other students' posts or online sources are not counted toward the word count.) Then comment on two of your peers responses (75-word minimum) by the end of the week at 11:59 pm. Late major comments are penalized 1 point per day late. Posts are NOT to be made as attachments or they will be downgraded Note that you will not see your peers posts before making your own. For more information on how the DB is graded, please see the rubric. We have now ventured in the part of economic theory where we explore why we buy goods and services. We know we respond to prices (we learned this in Chapters 3-4-5) but we also buy goods and services because we derive satisfaction from them. Consider the chapter on consumer choice and utility. Then, watch the following You Tube video clips: . Clip # 1 : http://www.youtube.com/watch?vedLoge6QzOGY Clip # 2: http://www.youtube.com/watch?v-LBYJtVHGeuu . The first clip is from the late comedian George Carlin there is some profanity so be careful if you are at work. The second clip is from TED. Comment on this. When is enough enough? It is true what the bumper sticker says that "whoever has the most stuff at the end wins? Is he/she the happiest? Or, is happiness determined not by who has the most, but who Reeds the least? What is all this stuff doing to us? Are we better off? Worse off? Neither? Or both? Why do we feel we need all this stuff? What does that say about us as a society? Are we actually becoming happier?

Explanation / Answer

According to George Carlin, trying to find to place your stuff leads to a worse a ways to survive. Always you have to ensure security and everything which is a cost-effective thing. According to the TED Talk, Less stuff leads to more happiness. A smaller space creates a very good measure to save a lot of money. When people rent a huge space which in turn leads to modernizing that space with lots of stuff which indirectly leads to debts. In the talk, he has been given three measures to live little. 1) Edit ruthlessly: Ask yourself whether is it really makes one happy. 2) Think small: Always estimate a better way to live a happy life with fewer things. 3) Multifunctional: Ability to use the items for multiple purposes.

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