Briefly describe your family's economic background. include information about your financial challenges. eop essay example.

My family can be considered to be in the category of upper middle class. Throughout life, I had to struggle the life between adopting to the middle class and the lower upper class. In some cases, my wishes were fulfilled that i felt that I matched with children of the upper class. While in other serious, I had to cut down on many other things which made me realize of the struggles I was facing. Children like me who belong to the upper middle class cannot decide often which choices they shall make  as they are divided between the upper class and middle class lifestyle.

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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