Oil, Oil, Oil.
I can’t believe how much we depend on oil. When did this start happening? How can something so insignificant to many people truly be something very important in our lives? Oil is so important for businesses but yet it’s so scarce. It has been so devastating for me to see some of my close friends lose their jobs because the company they worked for went bankrupt and laid them off. A few small furniture companies, clothing stores, restaurants, and beauty salons around my neighborhood have closed down their businesses, have moved, or have changed what they sell. Some of my friends worked in the restaurants and furniture businesses that went bankrupt. As of now my friends have left their apartments to go back to the original home they shared with their families. They are broke; they barely have money to contribute with the rent payments and purchase their necessities. If it wasn’t for their families, they would not be able to make it on their own; they would not be able to survive.
Luckily, I am not in their situation, but I feel bad since I can’t do much to help them. I am glad to have the family I have because starting with my parents, they are amazing. My parents are hardworking people who have worked for their children; so that we have the life they never had living with their parents. My parents are very motivating and supportive. As of now, I am not self-sustainable and I am not doing anything about it. I am lucky to have the family I have because if it wasn’t for them, I don’t know what my life would be like. I highly depend on my family to survive. I am a full-time student who doesn’t work to provide for myself or my family. My family does not want me to work; instead all they ask for is for me to do well in school so that one day I will be someone in life, someone many will be proud of, someone people will admire and look up to. My parents say that the only inheritance they will leave me is my education because no one will be able to take my knowledge, my skills, and my experience away. Until then, I will be able to be self-sustainable. I will be an independent woman who will be able to help and support others. My immediate community is very limited, but I believe that I can be self-sustainable. I believe that I can come out of this community and achieve all my goals if I try my best and set my mind to them. If I can do it, then the rest of my community members can too. It may be more difficult for some, but I believe that everyone can do it, everything is possible!
Getting from one place to another is not complicated for me because my father and my sister drive. My brother does too, but I hardly ride with him since he doesn’t live with me anymore. I don’t worry about a ride because my parents resolve that for me. My father is usually the one to take me to the places I wish to or have to go to. My sister occasionally drives me around when I ask her for the favor, but luckily I have friends that take me home or to other places when my father and my sister are working or are busy at the moment. I wish I could drive so that I would not have to depend on them for a ride but my father does not want to teach me how to drive because he says that I will go crazy, it is dangerous, my friends will treat me like a taxi, but most of all he’s not ready to see me grow up. I can’t wait to learn how to drive and get myself around but I guess I will have to wait. In a way I don’t want to have a car just yet because I don’t work and not only will the car and my insurance cost my parents, the gas will too, and gas can get very expensive.
Elasticity plays a role in this economic crisis because now many people are substit
uting original brands for imitations. Some people are now forced or simply want to be flexible in purchasing cheaper items instead of the pricey items bought before because their budget isn’t enough for all the items they wish to purc
hase. As the economic crisis worsens, I have seen many items at a higher price in the market. The increase in prices is what has also caused people to be flexible about their purchases as long as they have enough money for their other necessities, but at the same time have a similar satisfaction with the product. For example, instead of buying sea food or red meat, people rather buy chicken since it is cheaper but it has a similar satisfaction and similar nutrients. Others may trade their Coke for a Shasta or similar drinks that are not as expensive but have similar a similar taste.
Luckily, I am not in their situation, but I feel bad since I can’t do much to help them. I am glad to have the family I have because starting with my parents, they are amazing. My parents are hardworking people who have worked for their children; so that we have the life they never had living with their parents. My parents are very motivating and supportive. As of now, I am not self-sustainable and I am not doing anything about it. I am lucky to have the family I have because if it wasn’t for them, I don’t know what my life would be like. I highly depend on my family to survive. I am a full-time student who doesn’t work to provide for myself or my family. My family does not want me to work; instead all they ask for is for me to do well in school so that one day I will be someone in life, someone many will be proud of, someone people will admire and look up to. My parents say that the only inheritance they will leave me is my education because no one will be able to take my knowledge, my skills, and my experience away. Until then, I will be able to be self-sustainable. I will be an independent woman who will be able to help and support others. My immediate community is very limited, but I believe that I can be self-sustainable. I believe that I can come out of this community and achieve all my goals if I try my best and set my mind to them. If I can do it, then the rest of my community members can too. It may be more difficult for some, but I believe that everyone can do it, everything is possible!
Getting from one place to another is not complicated for me because my father and my sister drive. My brother does too, but I hardly ride with him since he doesn’t live with me anymore. I don’t worry about a ride because my parents resolve that for me. My father is usually the one to take me to the places I wish to or have to go to. My sister occasionally drives me around when I ask her for the favor, but luckily I have friends that take me home or to other places when my father and my sister are working or are busy at the moment. I wish I could drive so that I would not have to depend on them for a ride but my father does not want to teach me how to drive because he says that I will go crazy, it is dangerous, my friends will treat me like a taxi, but most of all he’s not ready to see me grow up. I can’t wait to learn how to drive and get myself around but I guess I will have to wait. In a way I don’t want to have a car just yet because I don’t work and not only will the car and my insurance cost my parents, the gas will too, and gas can get very expensive.
Elasticity plays a role in this economic crisis because now many people are substit
uting original brands for imitations. Some people are now forced or simply want to be flexible in purchasing cheaper items instead of the pricey items bought before because their budget isn’t enough for all the items they wish to purc
hase. As the economic crisis worsens, I have seen many items at a higher price in the market. The increase in prices is what has also caused people to be flexible about their purchases as long as they have enough money for their other necessities, but at the same time have a similar satisfaction with the product. For example, instead of buying sea food or red meat, people rather buy chicken since it is cheaper but it has a similar satisfaction and similar nutrients. Others may trade their Coke for a Shasta or similar drinks that are not as expensive but have similar a similar taste.
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