The phrase “comparing apples and oranges” invokes the idea that two items are so similar that comparing them would be invalid.

Use the question in comparing apples and oranges from an economic perspective.
Use the points given below to develop the essay:
The phrase “comparing apples and oranges” invokes the idea that two items are so similar that comparing them would be invalid.
– They are both….. Neither one possesses an objectively superior quality which would advance it in the hierarchy of otherwise equally delectable fruits. In essence, however, one may be much more preferable to its consumer.
– Luckily for the indecisive and hungry thinkers of the 21st century who find themselves stuck between the ongoing internal struggle between red and orange, the Austrian economist Friedrich von Wieser developed the concept of opportunity cost, the cost of the next best alternative given up. Within an economic perspective, the significance of apples and oranges can significantly vary based on perspective.
– Exploring deep into probability statistics, there are only three available outcomes: apples are better than oranges, oranges are better than apples or they are equal.
– within the global economy, the demand for oranges is at its peak during November, December, and January when the temperatures are a little lower
– Indeed, apples and oranges are substitute goods, with the given price elasticity of demand, when the price of apples increase, for example, oranges are deemed more desirable in the eye of the consumer.
In this barter economy, you exchange apples for oranges, and vice versa. Therefore, the amount of apples necessary to buy one orange is the price of an orange; this raises the question about value, which is more valuable?
– value in economics, however, is not solely defined by monetary figures, but rather a measure of how much society benefits,
– However, what if it wasn’t only apples and oranges: perhaps bananas, mangos, pineapple can . . . just like consumer trends are dynamic across the microeconomic. .