This website is created for the purpose of Commerce. This will provide information about a Hypothetical teenager, Arthur.
Commerce is the exchange of goods and services between two or more parties. It is a big term that has a wide range of activities, including buying, selling, transporting, marketing, financing, and managing goods and services. Commerce is an essential part of the global economy and is responsible for the production, distribution, and consumption of goods and services. Commerce is a complex system that involves many different players, including producers, consumers, retailers, wholesalers, and distributors. Producers create goods and services, while consumers purchase them. Retailers and wholesalers buy goods from producers and then sell them to consumers. Distributors transport goods from producers to retailers and wholesalers. Commerce is also responsible for the development of new technologies, products, and services. Companies use research and development to create new products and services that meet the needs of consumers. Companies also use marketing and advertising to promote their products and services.
Arthur currently is not working but, he would like acquire a job as a software developer in a big tech company like Google, Microsoft, Facebook, Apple, etc. The salary for this jobs is anywhere between $85,000 - $200,000
In his free time, Arthur likes to go gym and play football for his team.
The food costs about $100-200 a week and water is basically free.
My clothes usually last me about a year and they cost about $200
I dont really pay rent but my house is worth about $600 a week.
Arthur goes to football training acadamy which costs about $42 a month
Arthur's gym membership costs him $51.60 a month
Arthur pay for a music streaming platform, which costs about $12.99 a month
At the moment, Arthur's consumer needs include Food and water, House Rent and clothes which his parents pay for this is about $112 per day. Arthur's wants are Gym membership, Football academy, and music membership which is about $3.79 per day.
Therefore Arthur's personal budget per week must be approximately: $26.5 if He continues his spending patterns, based on Arthur's spending choices, his needs and wants are factors that affect his decision-making process, and defines his consumerism.