Economics

Monsters Inc is an entertaining children's movie about the city of Monstropolis which is centered around Monsters, Inc., the city's power company. Monsters, Inc. The story is about the lovable, blue giant monster named James P. Sullivan (Sulley) and his Cyclops wisecracking best friend short, green monster Mike Wazowski and what happens when the real world interacts with theirs in the form of a 2-year-old baby girl dubbed "Boo," who accidentally sneaks into the monster world with Sulley one night. And now it's up to Sulley and Mike to send Boo back in her door before anybody and especially two evil villains such as Sulley's main rival as a scarer chameleon-like Randall and Mike and Sulley's boss Mr. Waternoose the chairman and chief executive officer of Monsters, Inc. One of the many economic principals evident in this movie is scaricty. Scarcity is defined as, the inability to satisfy all wants at the same time. Scaricty occurs becaseu all resources and goods are limited. For example, there was a scarcity of screams so the city lacked electricity at certain points of the movie. another example would be the scarcity of children to scare, which then resulted in a lack of screams. Scaricty occurs in the real world as well, for example, there is a scaricty of time so we must pick only certain activites to do becasue there is simply not enough time to do everything. Another economic principal found in this movie is choice. Choice is defined as, selecting an item or action from a set of possible alternatives. Choice occurs when there is more than one option for one to decide from. For example, Sully had a choice of wheather he should put Boo back or getting rid of her another way. Another example of choice is how to power the city, they can use screams or laughter. We make choices all the time in the real world. For example, deciding wheather you would like to go to Panera or Chipotle for lunch. Price is another economic principal found in this film. Price is