market economy

        The United States uses a market economy. This type of economy has pros and cons. Compared to the other  market system economies, this one has the most pros. They include, little government control, the ability to create your own business, and small business can meet people's wants and needs. My dad has a construction business that specializes in concrete tilt ups. He started out as just a regular worker out of college when it had a different owner. However, after many years of hard work, my dad and his best friend have worked their way up to the owners. The business has blossomed in a huge way since my dad became owner. They have better marketing, organization, and business. However, due to the market economy, it has had some hard times. It has swells of a ton of business at once, to struggling to find business a few months . later. But the economy is starting to turn up, therefore more business/ income.
       The market economy system has allowed my dad's company to grow and prosper, without the government putting restrictions on it. I support the market economy. I think it would be hard to adapt to different market economies that have more restrictions, because ours is so understanding of people's needs.


QUESTION:
      What would it be like to live in a different market economy in a different country? Would it be harder, or easier to make it?

"Think about a time in your life where you had to choose between two or more options. Explain the opportunity cost involved in that decision."

             Opportunity cost, to me, means when you have to make a decision between two things. If you choose option A, then you lose what option B has to offer, but if you choose B, then you can't experience option A. Some opportunity cost decisions are easy and simple to make, like which candy bar you want to buy at the store. However, on the other hand, some can be difficult and life changing, such as college or career choices.

          The most recent large opportunity cost decision I had to make was when I got invited to go to France, Italy, Monaco and Spain for two weeks with my best friend last summer. It seemed like a no brainer at first, Europe would be awesome. But the opportunity to be a camp counselor at a summer camp that my sister has gone to for her whole life arose. It is for diabetes and I thought I would be a good fit since I grew up around diabetes and know a lot about it.

              I was extremely torn at first. I talked to my whole family about it, and they all told me the exact same thing. The opportunity to be a summer camp counselor comes around every summer, while a trip around Europe is once in a lifetime. Although I wouldn't gain experience working with children or get paid, I would get to experience sights and events that only some people are lucky enough to have in their lifetime.             Overall, the decision  I made to travel to Europe next summer was the best choice. The opportunity cost was that I wouldn't be getting paid or experience with children. However, those are minimal costs when I compare the experience that I am going to get in Europe next summer.

QUESTION:

This makes me wonder how hard it  was for my dad to decide what career path he wanted to take?

A factor in my life that is scarce is my college choices. My dad went to OSU and my sister goes there now, so naturally my whole family wants me to go there. However, as time goes on, my parents are starting to make me feel like my only option for school is Oregon State. This eliminates any other possibilities for study opportunities that other schools may offer. So I just have to learn to accept that I am going to Oregon State, and hope that it has the progams that I want to go into.