Question

Identify Economics in action in either a movie or a television show. Explain how that movie (or show) displays one, or several, economic concepts.

Answer 1

The major economic concepts comes into action in either a movie or a television show are as follows:-

1) Budget constraints:- in movies, when the main role actor or actress have limited money for purchasing goods and service. they acts rationally and choose optimal bundle to maximize their utility.

2) Market:- usually markets are shown in the movies when consumers and sellers go and demand for a particular good and less demand affecting lives.

3) stock markets:-in many movies, they shows how invests in stock market affecting common lives and how big billionares make money in such markets.

4) other:-government policies, inflation, unemployment, poverty, less economic growth these are usually shown in many movies or shows.