Welcome to The Oakridge School's Economics Blog. The goal of this class is for students to have the opportunity to learn economics through a real world setting discussing current events with each other and people throughout the country.
Tuesday, September 13, 2011
Nike Shoes For Charity
Victor discusses Nike's Back To The Future Shoe auction for charity.
Nike is a signature brand heightening the paradox of value in their favor. Also having only made 1,500 pairs Nike has added scarcity to the equation; further heightening the value of the shoes.