Discussion Forum 1:

This assignment relates to the following Course Learning Requirements:

CLR 1: Explain the nature of Canadian business, its main goals, and the domestic and global environments in which it operates. CLR 2: Explain how events external to a business can influence business decisions, and how environmental changes affect consumers. Identify challenges and opportunities that environmental changes provide for Canadian businesses.

Objective of this Discussion:

The discussion requires you to apply the basic economics principles of demand and supply and resource constraints in our day to day life.

Discuss the following:

Describe a situation when you had to make an economic choice to try to balance your wants with limited means. What factors helped you to reach your decision?