Economics is Everywhere
By Olivia Reid and Cialann Carney
By Olivia Reid and Cialann Carney
The movie deals with the buying and
selling of stocks. It teaches us how the
stock market works and the risk and luck
involved in purchasing stocks
An economic concept present in this film is
scarcity. The factory owner, Willy Wonka,
gave out only five tickets in the millions of
chocolate bars. There was never enough
tickets to satisfy all those who wanted one,
therefore creating scarcity and a higher
demand for the product.
It discusses specialisation and division of
labour.
Each of the districts in the film specialises
in the production of different products for
the Capital. Which also leads to discussion
on how resources are allocated and
different economic systems.
It explains how banks operate, earn
money, and protect wealth.
It portrays how the financial system
operates. It is concerned with investment
"If you invest your tuppence wisely in the
bank, safe and sound soon that tuppence,
safely invested in the bank, will
compound"
THANK YOU FOR WATCHING
THANK YOU FOR WATCHING
HOPE YOU ENJOYED
HOPE YOU ENJOYED
Explore the economic concepts of scarcity, specialization, resource allocation, and banking through the movie. Learn about the buying and selling of stocks and the operation of the financial system.
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Presentation Transcript
ECONOMICS IS EVERYWHERE By Olivia Reid and Cialann Carney
ECONOMIC CONCEPT The movie deals with the buying and selling of stocks. It teaches us how the stock market works and the risk and luck involved in purchasing stocks
ECONOMIC CONCEPT An economic concept present in this film is scarcity. The factory owner, Willy Wonka, gave out only five tickets in the millions of chocolate bars. There was never enough tickets to satisfy all those who wanted one, therefore creating scarcity and a higher demand for the product.
ECONOMIC CONCEPT It discusses specialisation and division of labour. Each of the districts in the film specialises in the production of different products for the Capital. Which also leads to discussion on how resources are allocated and different economic systems.
ECONOMIC CONCEPT It explains how banks operate, earn money, and protect wealth. It portrays how the financial system operates. It is concerned with investment "If you invest your tuppence wisely in the bank, safe and sound soon that tuppence, safely invested in the bank, will compound"
THANK YOU FOR WATCHING HOPE YOU ENJOYED
