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Evaluating Perspectives & Arguments on Economic Issues

Instructor: Brianna Whiting
We all have opinions and views about the the world around us. In this lesson we will learn how those views often pertain to economic issues that affect the financial aspect of our lives.

A First Look at Perspectives

Have you ever had an experience so great that you often tell others all about it? Maybe you won a new car on a game show and now feel that everyone should try to get on a show to win prizes. The view that game shows are great and everyone should try out for one is your perspective. A perspective is how you view or see something. It is often formed from experiences, research, or by your upbringing. In this lesson, we will learn how our perspective often forms our opinion about economic issues.

When A Perspective is Challenged

We know a perspective is a way we view something, but what happens if that view is questioned? What happens when we fight for our perspective and become involved in a verbal disagreement? When our perspective becomes the topic of an altercation, an opposition, or a debate, it becomes an argument.

We have all been a part of an argument at some point in our lives. Perhaps when you were telling all of your friends that they should go on a game show, one of them began to strongly disagree with your perspective, and before you knew it, you were trying to convince the other person that you were right and they were wrong. What you were doing was taking part in an argument.

Relations to Economic Issues

Due to the many complexities of how perspectives are formed, differing perspectives and arguments are an inevitable fact of life. We argue for what we feel is right, and we form perspectives of what is right from experiences. But what happens when those perspectives and arguments pertain to the world right around us? Maybe we do not like how many people are unemployed, or maybe we are angry that basic necessities cost too much money. Issues like unemployment and inflation fall into a category known as economic issues.

An economic issue usually pertains to money and the lack thereof. For example, we have to have money to purchase things we need, but without a job we do not have money and therefore cannot get what we need. When this happens, poverty levels increase and less money is spent in the economy. When consumers stop spending money, companies that produce necessities might go out of business. The circle can go round and round but economic issues are generally rooted in money and how the economy has been affected.

Examples

Let's look at some economic issues and the perspectives and arguments some may have.

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