List your top 5 favorite fruits.
Here are our top 5 favourite fruits, each with a twist of economics:
1. Banana
Economics Link: Bananas can be used as an example of comparative advantage. Countries like Ecuador and the Philippines (among some other) can produce them efficiently, making global trade beneficial for everyone.
2. Mango
Economics Link: Mangoes can help us see the impact of seasonal supply and demand. Prices fluctuate based on harvest time, demonstrating market dynamics in real time.
3. Apple
Economics Link: Apples, although they may look similar they have have different branding and prices depending on the type, and we can use them as an example of product differentiation. Think about how “Honeycrisp” or “Gala” apples are marketed—do you have a favourite?
4. Avocado
Economics Link: A good example of price elasticity. Avocado prices rise and fall with supply shocks, such as droughts or trade restrictions.
5. Strawberry
Economics Link: Strawberries remind us of perishability and supply chain logistics. Their short shelf life forces quick and efficient distribution—an economic challenge for suppliers and distributors.
Leave a comment