Have you ever stopped to think and ask yourself, "why is that?" Numerous peculiar phenomena occur in society, but they have become such a common part of our daily lives that we usually do not stop to contemplate and formulate an answer to why things happen the way they do. For the most part, we tend to dismiss things as “it is what it is”. A phenomenon that I have always found interesting concerns relationships. It's about "why do celebrities have more unstable marriages than non-celebrity couples?" This specifically concerns the topic of divorce. In society, I have noticed that there are more celebrity couples divorcing and remarrying than non-celebrity couples. While no one usually pays attention to this trend, there is an underlying explanation that may define the reasons why this tends to be true. Believe it or not, but this question can be answered in economic terms. Three concepts that can be applied to this question are elasticity of demand, cost-benefit analysis, and Keynesian economics. Elasticity of demand has to do with the change in prices and the level of sensitivity associated with certain price changes. Generally, when the price of a product goes up, people don't demand it as much as they used to. The amount that demand increases or decreases due to a change in prices is elasticity. Regarding costs and benefits, it is understood that in economics a company must start and proceed with its production as long as the costs do not exceed the benefits. Cost-effectiveness analysis of different alternatives to see if the benefits outweigh the costs is an integral part of every business and this concept can also be applied... middle of paper......How Getting Married Can Procure their publicity, and after they get it and realize they don't want to be married anymore, they get divorced. This is like Keynesian economics. When there's a demand shock, like when celebrities are out of the spotlight, fewer people apply for them, they go and get married. This represents a fiscal or monetary expansion, to bring itself back into the spotlight. Essentially, getting out of the spotlight gets the celebrity out of the recession. Classical economists would say that your talent (or the market force that moves the economy toward full employment) is what will put you back in the spotlight, and not a publicity wedding (or government intervention). That said, we can now see that there are economic explanations underlying the question of why celebrity couples have more unstable marriages than non-celebrity couples..
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