Introduction:
The survival kit is a challenge that people can participate. The rules of this activity are that you are given precisely 50 euros to spend on good or services to bring with you on a deserted island for a day’s stay; and that’s all you’re allowed to bring, with the clothes on your back. Then, you have to do the same challenge once again, however instead of staying for just a day, it will be a week’s stay. The budget is still 50 euros, the person has to decide what is necessary to bring.
The economic problem of this challenge is the limited resources available, firstly the budget that is given is one of those limited resources, as the goods that are bought are different depending on the amount of time on the island. Another problem …show more content…
Now there is a decision to be made on which store to use for this challenge; that will be Albert Heijn and Jumbo. The reason for this is that I have been to Albert Heijn multiple times and they offer good quality products, plus they offer a wide range of items, from food products to household items. While I have only been to Jumbo once they are equal to Albert Heijn’s standards ,but I can use that store to find alternative products that are cheaper than AH (Albert …show more content…
It’s hard sometimes to really identify which product is a need and which one is a want; basically, goods need to be sufficient to satisfy your needs which will help you survive. For example, food: some foods (e.g. water or bread) can be classified as a need which will help you not starve, while others could be a want (e.g. chocolate or jam) which is bought just for the craving of that product. However, in this challenge I would want to buy more goods that are needs than to buy wants; but in the real world some needs are scarce for a great population of the world, at the same time everyone wishes to have all these goods and service that won’t necessarily help them to
The survival kit is a challenge that people can participate. The rules of this activity are that you are given precisely 50 euros to spend on good or services to bring with you on a deserted island for a day’s stay; and that’s all you’re allowed to bring, with the clothes on your back. Then, you have to do the same challenge once again, however instead of staying for just a day, it will be a week’s stay. The budget is still 50 euros, the person has to decide what is necessary to bring.
The economic problem of this challenge is the limited resources available, firstly the budget that is given is one of those limited resources, as the goods that are bought are different depending on the amount of time on the island. Another problem …show more content…
Now there is a decision to be made on which store to use for this challenge; that will be Albert Heijn and Jumbo. The reason for this is that I have been to Albert Heijn multiple times and they offer good quality products, plus they offer a wide range of items, from food products to household items. While I have only been to Jumbo once they are equal to Albert Heijn’s standards ,but I can use that store to find alternative products that are cheaper than AH (Albert …show more content…
It’s hard sometimes to really identify which product is a need and which one is a want; basically, goods need to be sufficient to satisfy your needs which will help you survive. For example, food: some foods (e.g. water or bread) can be classified as a need which will help you not starve, while others could be a want (e.g. chocolate or jam) which is bought just for the craving of that product. However, in this challenge I would want to buy more goods that are needs than to buy wants; but in the real world some needs are scarce for a great population of the world, at the same time everyone wishes to have all these goods and service that won’t necessarily help them to