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Markets and Sustainability

Markets and Sustainability. - How do markets work?. Value - How much is a rock worth?. What form is it in? Must it be transported? Field stones From an obstacle to agriculture To a valuable commodity – utility. $0.99-$35 on E-bay. Pet Rock Net. Econ 101- Markets. Product

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Markets and Sustainability

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  1. Markets and Sustainability - How do markets work?

  2. Value - How much is a rock worth? • What form is it in? • Must it be transported? • Field stones • From an obstacle to agriculture • To a valuable commodity – utility

  3. $0.99-$35 on E-bay

  4. Pet Rock Net

  5. Econ 101- Markets • Product • Buyer interested in purchasing • Seller who possesses good or service and interested in selling • Market – mechanism for transactions between buyer and seller • Markets (PES, fair trade coffee, fair trade palms, certified timber)

  6. Product attributes • Basic human needs • Food, • shelter • and clothing • Blue jeans

  7. Jeans – everybody Wears them

  8. Prices for Jeans in “Mall” stores

  9. Why do people pay more for certain jeans? What are they paying for?

  10. Fair Trade Doonesbury, Sun Jun 25, 2006

  11. What is: • Fair trade? • Organic? • Bird friendly? • Certified?

  12. What attributes are people paying for when they purchase? • Fair trade? • Organic? • Bird friendly? • Certified?

  13. Class exercise In groups: • Meet and discuss coffee survey • Come up with 2 recommendations for Ambio coffee • When you are ready write the recommendations on the board

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