Observations, analysis and rants from students in Dr. Delemeester's economics classes at Marietta College.
Sunday, March 27, 2005
Choice, Good or Bad?
We have been learning in econ that choice in the econmic market is a good thing. Choice by consumers allow prices to be low and quality to be high. Check out this article which argues the opposite. It states that choice is not necessarily a good thing because consumers sometimes do not take advantage of the options or choose not to choose. Sometimes as a consumer the choices are overwhelming. You walk down the toothpaste aisle at Walmart and you are bombarded with hundreds of choices. I mean is it really necessary to have 100 different kinds of toothpaste? As a consumer I would be satisfied if I had only had a handful of choices. I sympathize with the argument that choice is not always a positive. What do you think? Do you like having an unnecessarily large amount of choice?
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