Author:
Benjamin Troutman
Subject:
Finance, Marketing, Reading Informational Text, Cultural Geography, Economics, Political Science, Psychology
Material Type:
Homework/Assignment, Lesson, Module, Reading
Level:
High School
Tags:
  • Advantages and Disadvantages
  • Benefits
  • Citation
  • Contests
  • Distributional Methods
  • Drawbacks
  • Economics
  • Efficiency
  • First-come/first-served
  • Force
  • Goods and Services
  • Grammar
  • High School
  • Impartiality
  • Lottery
  • Majority Rule
  • Non-market Distribution
  • Personal Characteristics
  • Punctuation
  • Real-life Examples
  • Sharing
  • Sharing Equally
  • Spelling
  • License:
    Creative Commons Attribution Non-Commercial No Derivatives
    Language:
    English
    Media Formats:
    Downloadable docs, Graphics/Photos, Text/HTML

    ALTERNATIVE WAYS OF SHARING GOODS AND SERVICES

    ALTERNATIVE WAYS OF SHARING GOODS AND SERVICES

    Overview

    This assignment is about exploring alternative ways of sharing goods and services and understanding the benefits, drawbacks, and implications of these methods. Students are asked to choose one of seven non-market distribution methods, such as majority rule, contests, force, first-come/first-served, sharing equally, lottery, and personal characteristics, and observe how it is implemented in real-life scenarios. They need to explain the distribution method, who benefits from it, who is excluded, and the advantages and disadvantages of using it. Students also have to find a real-life example of the chosen non-market distribution method, describe how it is used, and assess its fairness and efficiency. Lastly, they are required to include a citation and ensure their submission is no less than 180 words and comprises a list of cited works. The goal of the assignment is to better understand how goods and services are distributed and how these methods affect different groups of people.

    INTRODUCTION

    Have you ever thought about how products and services get to you every day? There are numerous ways through which goods and services reach consumers across the country. Some of these ways are explicit, or clear and direct, while others happen without people realizing it. For this assignment, you'll be required to pay attention to how goods and services are distributed in your own life.

    LEARNING OBJECTIVES

    • Gain an understanding of various methods of distributing goods and services that do not involve a market or pricing mechanism, such as contests, first-come/first-served, and personal characteristics.
    • Evaluate the implications of different distribution methods, including who benefits and who is excluded, the efficiency and impartiality of the method, and whether it can be used to distribute large quantities of goods and services.
    • Apply your knowledge to real-life scenarios, such as a school, shopping center, or household, and analyze how a non-market distribution method is implemented in practice.
    • Develop your communication skills by writing a response of at least 180 words, using proper grammar, spelling, and punctuation, and including a list of cited works to give credit to their sources.

    The big picture: By completing this assignment, you will develop critical thinking skills, gain a deeper understanding of alternative ways of sharing goods and services, and improve your research and communication skills.

    VOCABULARY

    efficientif someone or something is efficient, they work well without wasting time, money, or energy
    exemplifyto be a very typical example of something
    explicitexpressed in a way that is very clear and direct
    impartialnot involved in a particular situation, and therefore able to give a fair opinion or piece of advice
    implicationa possible future effect or result of an action, event, decision, etc.
    non-market distributiona way of giving out goods and services without the use of a market or pricing mechanism

     

    INSTRUCTIONS

    Throughout your economics course, you've had the opportunity to earn about various non-market distribution methods such as majority rule, contests, force, first-come/first-served, sharing equally, lottery, and personal characteristics. For this assignment, you will investigate one of these methods and observe how it is implemented in a real-life scenario.

    STEP 1

    From the list of seven distribution methods provided, please select one for the assignment.

    STEP 2

    Write a response of at least 90 words, explaining the distribution method that you have selected. In your answer, make sure to address the following questions:

    • Who benefits from this distribution method?
    • Who is excluded from receiving the good or service?
    • What are the benefits of this method?
    • What are the drawbacks of this method?
    • Is this method efficient and impartial?
    • Can this distribution method be used to distribute large quantities of goods and services to a large number of people every day? Why or why not?

    Choose one of the distribution methods described above and explain it in one or two paragraphs.

    Why it matters: The goal of this activity is to examine the ways in which goods and services are distributed and to better understand how these methods affect different groups of people.

    For example, if you choose the "sharing equally" method, you can describe how goods and services are distributed to everyone in equal parts, with no one receiving more or less than anyone else. This method benefits everyone by ensuring that everyone receives the same amount of the good or service. However, this method may exclude those who are not present or cannot access the distribution site and may not be efficient in distributing large quantities of goods or services in a timely manner.

    It is essential to examine the advantages and disadvantages of your chosen distribution method, as well as its impartiality and efficiency, in order to better comprehend its implications. Consider how this method is employed in real-life settings, and whether it is a practical option for distributing goods and services on a large scale.

    STEP 3

    Can you find a real-life scenario that exemplifies the non-market distribution method you have chosen, perhaps in a school, shopping center, or household?

    STEP 4

    Please write an additional paragraph of at least 90 words to explain how your real-life example uses the chosen non-market distribution method. In your response, make sure to address the following questions:

    • Who receives the good or service, and who does not?
    • What are the advantages and disadvantages of using this method in your example?
    • Was the method fair and efficient?

    Additionally, please include a citation in your response to give credit to where you found your information.

    Make sure to use correct grammar, spelling, and punctuation in your assignment. Your complete submission should be no less than 180 words and must comprise a list of cited works.