“How to Bridge That Stubborn Pay Gap (Miller, 2016)”
Microeconomics is about individual purchasing powers to acquire the limited resources they need in their lives. The gap pay difference is observed between the different genders. Information provided by Census Bureau show that women will earn less in comparison to their male counterparts. The difference in earning allows one party to have a stronger purchasing power than the other. It makes their demand for the limited resources higher. Their demand curve will be biased towards quality over quantity. The willingness to purchase is limited to the availability of financial capital. Higher prices lead to smaller quantity purchased. Therefore, with a big pay, the consumer is compelled to purchase more unlike a consumer whose pay is small and working with a constrained budget. Forcing them only to acquire the items that are most basic to them (Miller, 2016, n.p).
“Saying No, So You Can Say Yes (Richards, 2016)”
The concept of saving enables consumers to accumulate resources until they have enough. It is the factor affecting demand due to the increase in the financial resource necessary in acquiring the limited resources. The problem faced by most people is declining a request to a new exciting offer. The problem is that this new offer is not compelling and does not take precedence. However, resisting the temptation to take is the challenge. Peer influence is a major inhibitor to the resistance of pleasure that serves little purpose. Turning down projects that are appealing but of little importance is a quality trait that is important to help one collect the needed resources to say yes when it matters (Richards, 2016, n.p).
Works Cited
Miller, Claire Cain. "How to Bridge That Stubborn Pay Gap." The New York Times. The New York Times, 16 Jan. 2016. Web. 25 Jan. 2016. http://www.nytimes.com/2016/01/17/upshot/how-to-bridge-that-stubborn-pay- gap.html.
Richards, Carl. "Saying No, So You Can Say Yes When It Matters." The New York Times. The New York Times, 18 Jan. 2016. Web. 25 Jan. 2016. http://www.nytimes.com/2016/01/19/business/saying-no-so-you-can-say-yes-when-it- matters.html?ref=your-money.
