Taylour Howell 14 August 2014 Photo Essay Project Economics (Goodman)
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1. Economics inEconomics in FayettevilleFayetteville Presented
by Taylour HowellPresented by Taylour Howell
2. The suburb of southern metropolitan Fayetteville has a
multitude of various businesses and industries. Here is a look at a
few from different places around town!
3. Movie TheatreMovie Theatre A movie theatre provides
movie(s), refreshments and arcade toA movie theatre provides
movie(s), refreshments and arcade to patrons.patrons. Proper
operation of this establishment requires a suite ofProper operation
of this establishment requires a suite of appropriate capacity at
pavilion as well as land for a parking lot.appropriate capacity at
pavilion as well as land for a parking lot. Employees are needed to
manage the box office, collect ticketEmployees are needed to manage
the box office, collect ticket stubs, sell refreshments and
maintain janitorial duties. Projectionstubs, sell refreshments and
maintain janitorial duties. Projection equipment, adequate seating
and other housing amenities, and drinkequipment, adequate seating
and other housing amenities, and drink machines are examples of
necessary capital. Entrepreneurship beliesmachines are examples of
necessary capital. Entrepreneurship belies in the theatres
management.in the theatres management. Visiting the movie theatre
costs consumers the opportunity toVisiting the movie theatre costs
consumers the opportunity to attend live performances at the local
ampitheatre.attend live performances at the local ampitheatre. As a
trade off, the theatres proprietor must sacrifice several socialAs
a trade off, the theatres proprietor must sacrifice several social
gatherings (ie: weddings, housewarmings) to run the theatre
sevengatherings (ie: weddings, housewarmings) to run the theatre
seven days a week during the day.days a week during the day. Photo
Citation:
http://www.cinemark.com/theatre-detail.aspx?node_id=1550
4. Office Depot offers vending for stationary products,
computerOffice Depot offers vending for stationary products,
computer appliances and accessories.appliances and accessories.
Land needed includes a lot in the shopping centre as well as a
parkingLand needed includes a lot in the shopping centre as well as
a parking lot. For labor, employees uphold variant duties with some
as cashierslot. For labor, employees uphold variant duties with
some as cashiers and customer service agents, while others
specialize in fields ofand customer service agents, while others
specialize in fields of expertise, namely in technology and
tinkering with various gadgets.expertise, namely in technology and
tinkering with various gadgets. Capital includes shelving and cash
registers. Management exemplifiesCapital includes shelving and cash
registers. Management exemplifies the factor of
entrepreneurship.the factor of entrepreneurship. Shoppers do not
have the same (albeit similar) bargains as with StaplesShoppers do
not have the same (albeit similar) bargains as with Staples or
OfficeMax.or OfficeMax. Trade Off: In order to maximize
profits,Trade Off: In order to maximize profits, proprietors and
employees must work certainproprietors and employees must work
certain hours on holidays.hours on holidays. Office Supply
StoreOffice Supply Store
https://foursquare.com/v/office-depot/4b5f093bf964a5203ca329e3/photos
5. HospitalHospital The hospital offers immediate andThe
hospital offers immediate and all-inclusive medical
treatment.all-inclusive medical treatment. Several acres of land
are requiredSeveral acres of land are required to accommodate five
distinct unitsto accommodate five distinct units within a
multi-story building.within a multi-story building. Specialized
staff such as doctorsSpecialized staff such as doctors and their
assistants are needed toand their assistants are needed to run the
facility, while other faculty,run the facility, while other
faculty, such as secretaries andsuch as secretaries and
receptionists are also humanreceptionists are also human capital.
Medicines, beds andcapital. Medicines, beds and various medical
equipment are vitalvarious medical equipment are vital to success
of the establishment.to success of the establishment. Management
takes risks to ensureManagement takes risks to ensure the hospital
functions properly.the hospital functions properly. Patients with
an appointment mustPatients with an appointment must cancel plans
to attend field tripscancel plans to attend field trips with their
childrens class.with their childrens class. Trade Off: Emergencies
requireTrade Off: Emergencies require staff to remain on-call and
impedestaff to remain on-call and impede on employees personal
plans, suchon employees personal plans, such as going out to eat
and socialize.as going out to eat and socialize.
http://www.childrensortho.com/fayette-childrens-orthopaedics-atlanta.html
Erecting a hospital creates additional traffic in an
alreadyErecting a hospital creates additional traffic in an already
bustling neighborhood, but immediate healthcare is
available.bustling neighborhood, but immediate healthcare is
available.
6. Amusement ParkAmusement Park Dixie Land provides indoor and
outdoor recreation for all ages.Dixie Land provides indoor and
outdoor recreation for all ages. Numerous acres for outdoor
attractions as well as an edifice to accommodateNumerous acres for
outdoor attractions as well as an edifice to accommodate indoor
festivities are necessary land components. Employees provide
theindoor festivities are necessary land components. Employees
provide the labor in operating rides, maintaining cleanly
commodities andlabor in operating rides, maintaining cleanly
commodities and managing special events. Capital includes roller
coasters, minimanaging special events. Capital includes roller
coasters, mini golf course, playhouses and a small pool for the
bumper boatsgolf course, playhouses and a small pool for the bumper
boats station. Management tasks risks in acquiring necessary
capital asstation. Management tasks risks in acquiring necessary
capital as well as in ensuring customer safety within the park.well
as in ensuring customer safety within the park. Families of young
children host birthday parties at Dixie Land in lieu of atFamilies
of young children host birthday parties at Dixie Land in lieu of at
Chuck E. Cheese.Chuck E. Cheese. Trade Off: Proprietors of the
establishment must take part-time job duringTrade Off: Proprietors
of the establishment must take part-time job during the
off-seasons, as the park is only open when most patrons are
expected tothe off-seasons, as the park is only open when most
patrons are expected to attend so as to maximize profits.attend so
as to maximize profits.
http://www.virtualtourist.com/travel/North_America/United_States_of_America/Georgia/Fayetteville-767613/Things_To_Do-Fayetteville-TG-C-1.html
7. Sandwich ShopSandwich Shop Subway vends submarineSubway
vends submarine sandwiches.sandwiches. Running the shop demands
anRunning the shop demands an appropriate size suite on a
lotappropriate size suite on a lot labor from employees
(cashierslabor from employees (cashiers and chefs) and capital
ingredientsand chefs) and capital ingredients such as bread, meats,
cheeses,such as bread, meats, cheeses, and dressings.
Entrepreneurshipand dressings. Entrepreneurship is found in the
management.is found in the management. Families do not have the
space to eatFamilies do not have the space to eat at this
delicatessen save a few tablesat this delicatessen save a few
tables with a couple of chairs; they are costwith a couple of
chairs; they are cost the opportunity to eat in theirthe
opportunity to eat in their respective abodes, wherein they
mayrespective abodes, wherein they may have meaningful
conversations.have meaningful conversations. Trade Off: Subway
chefs chose toTrade Off: Subway chefs chose to work in lieu of
studying culinary artswork in lieu of studying culinary arts at
school.at school.
https://www.google.com/maps/@33.461402,-84.45131,3a,30y,149.98h,88.59t/data=!3m4!1e1!3m2!1sI2oHnI1_Lai1e3oOT8oDHQ!2e0!6m1!1e1
Venue has suite closest to the busy road (at higher risk for
accidental demolition) for greater promotion and exposure.Venue has
suite closest to the busy road (at higher risk for accidental
demolition) for greater promotion and exposure.
8. Sources and Additional LinksSources and Additional Links
http://www.cinemark.com/theatre-detail.aspx?node_idhttp://www.cinemark.com/theatre-detail.aspx?node_id=1550=1550
https://foursquare.com/v/office-depot/4b5f093bf964a5203ca329e3/https://foursquare.com/v/office-depot/4b5f093bf964a5203ca329e3/
http://www.childrensortho.com/fayette-childrens-orthopaedics-atlanthttp://www.childrensortho.com/fayette-childrens-orthopaedics-atlant
http://www.virtualtourist.com/travel/North_America/United_http://www.virtualtourist.com/travel/North_America/United_
States_of_America/Georgia/Fayetteville-States_of_America/Georgia/Fayetteville-
767613/Things_To_Do-Fayetteville-TG-C-1.html767613/Things_To_Do-Fayetteville-TG-C-1.html
https://www.google.com/maps/@33.461402,-https://www.google.com/maps/@33.461402,-
84.45131,3a,30y,149.98h,88.59t/data=!3m4!1e1!3m2!84.45131,3a,30y,149.98h,88.59t/data=!3m4!1e1!3m2!
1sI2oHnI1_Lai1e3oOT8oDHQ!2e0!6m1!1e11sI2oHnI1_Lai1e3oOT8oDHQ!2e0!6m1!1e1
http://funjunctionusa.com/http://funjunctionusa.com/
http://www.subway.com/subwayroot/default.aspx?http://www.subway.com/subwayroot/default.aspx?
rdr=Banners:GooglePlaces:SubwayComrdr=Banners:GooglePlaces:SubwayCom
9. Sources and Additional LinksSources and Additional Links
http://www.cinemark.com/theatre-detail.aspx?node_idhttp://www.cinemark.com/theatre-detail.aspx?node_id=1550=1550
https://foursquare.com/v/office-depot/4b5f093bf964a5203ca329e3/https://foursquare.com/v/office-depot/4b5f093bf964a5203ca329e3/
http://www.childrensortho.com/fayette-childrens-orthopaedics-atlanthttp://www.childrensortho.com/fayette-childrens-orthopaedics-atlant
http://www.virtualtourist.com/travel/North_America/United_http://www.virtualtourist.com/travel/North_America/United_
States_of_America/Georgia/Fayetteville-States_of_America/Georgia/Fayetteville-
767613/Things_To_Do-Fayetteville-TG-C-1.html767613/Things_To_Do-Fayetteville-TG-C-1.html
https://www.google.com/maps/@33.461402,-https://www.google.com/maps/@33.461402,-
84.45131,3a,30y,149.98h,88.59t/data=!3m4!1e1!3m2!84.45131,3a,30y,149.98h,88.59t/data=!3m4!1e1!3m2!
1sI2oHnI1_Lai1e3oOT8oDHQ!2e0!6m1!1e11sI2oHnI1_Lai1e3oOT8oDHQ!2e0!6m1!1e1
http://funjunctionusa.com/http://funjunctionusa.com/
http://www.subway.com/subwayroot/default.aspx?http://www.subway.com/subwayroot/default.aspx?
rdr=Banners:GooglePlaces:SubwayComrdr=Banners:GooglePlaces:SubwayCom