In chapter one, I thought the best example and the one that helped me understand one of the topics the most, that the market provides us with what we want, was the diamond and water example. Wheelan explains that if all the diamonds in the world were suddenly gone, we would be mildly inconvenienced, but if all the water disagreed, we would be dead. This is a very good example of the fact that the market provides the goods people want, and often what they want isn't what they need.
This goes back to the one of the 3 basic economic principles- Who will buy it? And the simple answer here and the one demonstrated in the text (that is so easy to understand) is- those who can pay for it. This is another example of the author explaining foreign ideas (economics) in a manner that can be widely understood.
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