Pure, Per Se and Natural Monopolies pt 1

Sir Shannon Scott Williams

January 24^th, 2010

ECON220

Unit 3: Discussion Board

Pure, Per Se and Natural Monopolies

Importing and exporting are common in today’s world, well for the world which involves trade between two or more nations. Some agree that a nation should focus on importing where as another side supports exporting. Between the two for the fashion industry, business varies by the sole opinion of the each individual consumer.

Let us begin with importing, goods and services purchased from other countries, (Krugan, Wells, 2009, p. 196). A good example of an imported clothing company is Jayli Imports, which is a company that specializes in “Bohemian style hippie wear”, (Jayli.com). The current best selling product for Jayli, is the Long Halter Pumpkin Dress.

Next, exporting, goods and services sold to other countries, (Krugan, Wells, 2009, p. 196). The perfect example is Carhartt “100% made in the USA since 1889”, (Carhartt.com). My favorite product is the 8” Logger/Linemen Boot.

After reviewing importing/exporting between Jayli and Carhartt, I see that most imported products from Jayli are less durable compared to Carhartt products. Jayli may be designed for fashion purposes; where as Carhartt’s products are designed for hard-working purposes. However, I know many people in Georgia that wear Carthartt clothing just for fashion reasons. Nevertheless, if one is to buy an imported durable product, it’s likely that it will be more expensive versus a durable exported product. For example, on my honeymoon vacation, my wife and I went shopping in Stockholm, Sweden. While shopping, I came across a several pairs of Chuck Taylor’s Converse Sneakers. Domestically in the USA, the average prices for these are around $40. However in Sweden, they sold for more than $120, the most expensive shoe in the store. Another situation is when I was also browsing Armani clothing. In Sweden it is fairly reasonable, however in the USA, Armani can be very expensive.

In my point of view, I prefer quality. If I am to purchase a product, price is next in line for my criteria. So when I look for a product, imported/exported may have the same quality but if one is more expensive just because it is imported, then I would rather purchase the domestic product because it’s cheaper. In addition, I would rather purchase a domestic product to support the national employment, than seeing many fellow Americans without jobs. Products of the fashion industry produced in the USA, help supply job for those who live there.

References:

Armstrong, Kotler. (2009). Introduction to Marketing (9^th Ed.).

Pearson Education, Inc, Upper Saddle River, New Jersey.

Jayli Imports. (2007). Jayli clothing style. (Jayli.com). Retrieved 1.25.2011, from,

http://www.jayli.com/index.html

Carhartt. (2011). Carhartt motto. (Carhartt.com). Retrieved 1.25.2011, from, http://www.carhartt.com/webapp/wcs/stores/servlet/HomeView?storeId=10051&catalogId=10101

Tuesday, February 15, 2011 // Labels: microeconomics, monopolies, natural, per se, pure // 15 comments //

15 comments to "Pure, Per Se and Natural Monopolies pt 1"

February 15, 2011 at 6:06 PM
Unknown says:

Even then, it is hard to trust "made in" labels. Companies are getting sketchy, saying made with 100% products from the USA, but what they don't tell you is it was made in Cambodia, at $0.17 an hour, from American materials...
February 16, 2011 at 2:17 AM
Revi says:

I agree with this one. Fashion is for gay kids. Real men use durable products and won't pay money for overpriced crap.
February 16, 2011 at 4:36 AM
Jordan says:

i agree id buy domestic products over imported any day
February 16, 2011 at 8:29 AM
jonwinters says:

i'd start buying domestic just to make more jobs available
February 16, 2011 at 10:00 AM
G says:

Personally I always buy Western goods where possible...
February 16, 2011 at 11:15 AM
Bassislv says:

I Agree too, nice post
February 16, 2011 at 11:45 AM
Stuff that matters, stuff that don't says:

Too much stuff is made in China now, because its cheap. Its destroying western economies though.
February 16, 2011 at 12:22 PM
1904 Blogger says:

i love your posts
February 16, 2011 at 1:36 PM
donga5000 says:

very informative, I am going to try and buy more domestic products
February 16, 2011 at 3:27 PM
Jimmy Beats says:

our economy's pretty F'd as it is, I'm jumping ship as soon as I get my degree that's for sure. Following
February 16, 2011 at 4:04 PM
Mouse Roberts says:

I don't see the issue with allowing a firm with a comparative advantage to succeed. We must want what is best for the world, not just what is best for those around us. To buy domestic products at a greater price is to value the life and livelihood of someone of the same nationality as you over that of someone else. I am not claiming that you are racist, but unless buying domestic goods is in your self interests, why promote a racial bias?
February 16, 2011 at 5:33 PM
cooperlife says:

Carhartt products are always superior.
February 17, 2011 at 1:10 PM
thatinsidejoke says:

good stuff. really informative

following.
February 25, 2011 at 7:34 PM
!sense! says:

exporting fo the win.
April 15, 2011 at 9:11 AM
THDQ says:

Really well written post, but do you think that economics can truly appreciate an emotive factor, such as nationalism, influencing consumption? The rational approach of this discipline seems to preclude any understanding of such subjective phenomena