Blood Diamond Essay
Economic Theory In The Movies
Blood Diamond
Mushtaba holway
Ms.Vather
January 8 2015
After watching the movie “Blood Diamond” Directed by
Edward Zwick I realized that the main issue/problem in the movie was the conflict diamonds. There are much more issues/problems in the movie but I believe this is the most important because the whole movie revolves around the conflict diamonds. Conflict diamonds are diamonds illegally traded to fund conflict in war-torn areas. Conflict diamonds were used in this movie and were the main focus of the movie. The reason for conflict diamonds being the main economic issue/problem is because of the conflict diamonds people were forced to work as slaves to find diamonds in the water so they can be used to buy guns. Conflict diamonds were the cause of all of these terrible acts, people dying to search for these diamonds so they can be sold. Also the other issues of conflict diamonds were that a big company was buying a lot of these conflict diamonds from Africa for really cheap, the company was Van Da Kaap. It would buy an abundance of these diamonds and store them so the diamonds they acquire seem rare and so they can stay at a high price. The economic issue with this was that the company Van Da Kaap would not tell anyone of these abundance of diamonds because than if they did tell anyone, the prices of the diamonds would fall and this is called supply and demand. So if they said anything about this, everyone would know of the amount of diamonds being supplied and the price of diamonds would go down because of the demand would decrease because it won 't be considered as rare anymore. And that is the main economic issue/problem in the movie. And the three economic concepts that I will be talking about that happen in the movie is Scarcity, Supply and demand, and Anti Globalization.
The first economic concept that stood out to me watching the movie was scarcity.
Scarcity is defined as “the fundamental economic problem
of
Blood Diamond
Mushtaba holway
Ms.Vather
January 8 2015
After watching the movie “Blood Diamond” Directed by
Edward Zwick I realized that the main issue/problem in the movie was the conflict diamonds. There are much more issues/problems in the movie but I believe this is the most important because the whole movie revolves around the conflict diamonds. Conflict diamonds are diamonds illegally traded to fund conflict in war-torn areas. Conflict diamonds were used in this movie and were the main focus of the movie. The reason for conflict diamonds being the main economic issue/problem is because of the conflict diamonds people were forced to work as slaves to find diamonds in the water so they can be used to buy guns. Conflict diamonds were the cause of all of these terrible acts, people dying to search for these diamonds so they can be sold. Also the other issues of conflict diamonds were that a big company was buying a lot of these conflict diamonds from Africa for really cheap, the company was Van Da Kaap. It would buy an abundance of these diamonds and store them so the diamonds they acquire seem rare and so they can stay at a high price. The economic issue with this was that the company Van Da Kaap would not tell anyone of these abundance of diamonds because than if they did tell anyone, the prices of the diamonds would fall and this is called supply and demand. So if they said anything about this, everyone would know of the amount of diamonds being supplied and the price of diamonds would go down because of the demand would decrease because it won 't be considered as rare anymore. And that is the main economic issue/problem in the movie. And the three economic concepts that I will be talking about that happen in the movie is Scarcity, Supply and demand, and Anti Globalization.
The first economic concept that stood out to me watching the movie was scarcity.
Scarcity is defined as “the fundamental economic problem
of
References: N.p., n.d. Web. 08 Jan. 2015. Wikipedia . Wikimedia Foundation, n.d. Web. 08 Jan. 2015. Wikipedia. Wikimedia Foundation, n.d. Web. 08 Jan. 2015. N.p., n.d. Web. 08 Jan. 2015. . Wikimedia Foundation, n.d. Web. 08 Jan. 2015. Wikimedia Foundation, n.d. Web. 06 Jan. 2015. N.p., n.d. Web. 08 Jan. 2015.