Question

Identify 5 economic concept using Erin brockovich movie

Answer 1

The major economic concepts used in the Erin Brockovich movie was deception of the economic agents on the consumers, the bribery and price differentiation behaviour when you are a monopoly in the market.

The third is lack of impersonal relations where trust is not there and hence its a pure exchange value relation among the P&G company and their customers and corporate greed which leads to larger economic costs to the company as individuals act on their own self interest.

The fourth is the negative externality to the environment

The fifth is the inability to trust the local business so that it disapproves the practices of the current economic system. It also talks about the vicious circle of how wealth affects politics and vice versa.