As principles of Economics, Individual consumers, company and government are the main participants of the market. All three participants have to face trade off while making decisions regarding allocation of scarce resources. At the same time, decisions of these participants are influenced by marginal thinking and incentive given. At the time of resource allocation, they have to maintain equality and efficiency in the system.

Make use of these basic economic principles and develop THREE separate scenarios for consumers, managers in companies and government are applying these principles. (in total NINE scenarios).