Economics is Everywhere #2 - At the Supermarket (Dtube Video)

This is the second video in my ‘Economics is Everywhere’ series. This video takes a look at spending and the selection of items in the supermarket. The choices made at the supermarket depends on a number of factors. Some of these factors are as follows:

The frequency of trips to the supermarket
The number of people in the household
The tastes of the shoppers (fresh vs. processed food)
The size of the supermarket

The economic concepts supporting decision making in the supermarket are also discussed in this video. These concepts are as follows:

Maximising utility
Bounded rationality
Research, data collection, and econometrics

This video can be used to supplement the written post on the same topic. This post can be accessed using the following link: https://steemit.com/economics/@spectrumecons/economics-is-everywhere-2-supermarket

The first video in this series can be accessed at the following link:
https://d.tube/#!/v/spectrumecons/rmwn2r6j

I hope you enjoy the video. Don't forget to upvote, follow, or resteem. Thank you.