Griffin Malone, Chapter 5, Question 6

In Chapter five of naked economics Charles Wheelan discusses the information on economics. This information effects every decision that everyone makes in the real world. From the people you hire for your company to the place you stop and eat food at on a road trip. This chapter also showed me the amazing power of branding a product. A large majority of people would buy Coca-Cola if they had an opportunity to buy a soda. This is because the consumers have been persuaded that no other soda is like Coca-Cola. Coca-Cola has built up a good image and reputation of being a refreshing soda. Branding effects the clothes we buy to. Nike clothing isn't fabrics sewn together in a Vietnam sweatshop. Nike clothing is what Lebron James and Tiger Woods wear. If some of the greatest athletes in the world wear nike then it must be a good reliable product. Therefore every teenage athlete goes out and buys nike clothes because it's like no other product on the market.