their limited income. Being a student however, I am confronted with a budget constraint as what my allowance can afford. To be able to purchase what you want despite the limited funds available, you need to choose those that are within the budget. A person can attain the same amount of satisfaction from a non-branded product, as long as they are willing to look hard enough.
To prove my point, I once paid a visit to the outdoor markets in Divisoria. In the alleys of Tabora (an excellent place to buy fabrics), with only a thousand bucks I was able to buy: ○ two yards of red fabric for a long-sleeved blouse for only Php 156 ○ a yard and a half of blue fabric for a skirt for merely Php 180.
These materials have yet to be transformed into ready to wear outfits, hence the need for a tailor. The rate charged for made to wear outfits are the following: ○ for a long-sleeved blouse cost Php 250, ○ for a made to wear skirt (below the knee) would be only Php 200.
As a result, with only a thousand pesos to spend, I was able to create an outfit that is both affordable and fits my fashion sense. A long-sleeved blouse in the mall would probably cost me around Php 1,500 and a skirt for Php 2,000.
Despite the limited budget allotted, the satisfaction has been maximized because of 1) extra money for savings and 2) trendy set of corporate attire. The economics of shopping does not require a person to use derivatives or the Leontief equation; it’s all about having good source of information and knowing how to budget well.
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