Ebay Assignment

During the class discussion about the Ebay assignment, i was looking forward of winning something. Even though, i didnt know how the auctions goes. While, i made a account on ebay, i was sort of feeling anxious about this assignment, winning something that is completely new to me. While, looking for items such as sneakers and clothing i was completely shocked and happy that there are some items that i really wanted. i actually took freaking 2 weeks to look for the best shoes and i remember last wednesday; i was about to bid on the air jordan 7's. i asked my mom and she said was like are you crazy. Ebay sells fake shit and you dont know what kind of feets the other men has. but i was surprised that the items was so low and i really want those shoes. Talking about getting something on ebay, lets relates this back to the Capitalism. Customers dealing with auctions has the power to win anything they want. They're competing for the best cheap items and this is like the market prices. The seller is willing to sell his items for the highest bid, which is the demand. but there is a second chance of winning it which is related to the opporunity costs. Scarcity is also related to this ebay assignment, there is a lot of item that i wants but i couldnt afford and you dont actually know what is the highest bidder is and it is also limited. Overall, this experience about bidding is knowing how exactly the Capitalism runs in the society.