THE ECONOMIC PROBLEM: How and Who makes the decisions. Who will receive the output/income? And perhaps 4. What should be a societies non-economic objectives? 5. Who makes economic decisions and by what process.
SOCIAL CONTRACT: How we live together. A set of institutions formal and informal which we use in order to live together. FORMAL: police, fire dept., traffic lights. INFORMAL: drug dealers. 1066 was the most important year because the Normas invaded England at the battle of Hastings against the Angle Saxtons. This began the Social Contract.
COMMAND VS MARKET ECONOMY: Command-one person or a set of persons(experts, highly trained, the elite) who will make informed and subtle decisions, or create systems that will. And so direct the economy, that is make the economic decisions. Market- each citizen gets and equal chance to vote ("the invisible hand") with their participation in the market (that is when they purchase goods and/or sell their services). The sum of the individual votes answer the three economic questions. There is no debate over what is valuable. We have all voted. BOOK- an economy that allocates resources primarily through the interaction of individuals (households) and private firms.
Market Economy Command Economy.
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US Europe France China now China.
10 yrs. ago Ideal form.
OPPORTUNITY COST: What you gave up to have a certain item. BOOK- the cost of a resource, measured by the value of the next best, alternative use of that resource.
Now I will look at several definitions of religion and discuss how they are helpful definitions, or how they are unhelpful. ... This definition seems broad, yet narrow. ... Yet this definition doesn't have much bias. ... This is a good definition of religion. ... This may not be a perfect definition, and I am always open to learn more, but I feel it is better than definitions found in a lot of places. ...
Euthyphro gives examples of what piety is, but he's never able to furnish the true definition that Socrates requires: A universal definition of what piety is. ... Socrates has two problems with this definition. ... The definition suggests that piety is then improving the gods. ... In one part of his definition, Euthyphro has justice concerned with the gods and piety; in the other part of his definition he has justice concerned with man. ... It's a definition by genus and difference. ...
Definition of Industry Defining Qualcomm's industry was extremely difficult. There was a myriad of different industry definitions for this firm. Every research source had a different industry definition, for this company. There were approximately fifteen contrasting definitions. ... However, Standard and Poor's definition is overly broad. ...
Over the last couple of weeks our class have been pondering on the definition of "work". ... This definition of "work" includes people who do labor in the fields or perform strenuous tasks in their job. ... The only category that is omitted from my definition of "work" are those people that live off Unemployment benefits and all they do all day is sit on their bums and watch TV, or drink. ... All that I have mentioned supports and explains my definition of work which is, using your skills and talents to provide a service for paid or unpaid rewards. ... I have come to this definition from the t...
When someone said the word "tiger," fifteen years ago, one would think of the animal, and its extreme ferociousness. However, since 1998, the word has brought on a new meaning, one of dedication, heart, and desire. The word now brings to mind the golfing phenomenon of Tiger Woods. Tiger Woods fir...
Definition of Accounting 08.12.1997. ... The definition of accounting has changed through the years and it is interesting to compare and contrast these old definitions. ... This definition is very similar to the definition made in 1953, but there is one essential difference. ... This definition is less restrictive than the previous one. ... In 1970 a similar definition was given by the AICPA. ...
There is much deliberation on the definition of crime, because it ia viewed differently in every culture. ... However, some anti-social behaviors (for example using the internet during work hours), do not break the law and therefore don't fit the legal definition of crime. These improper behaviors may offend our moral standards, but they do not fit any normative definition of crime. With the above variations in the definition and theories of crime, it's proven that crime cannot be defined simply or definitively. ...
Tragedy, in his definition, is a whole network of criteria of evaluation. ... IN his definition, aesthetics is a way of studying perception, knowledge is from senses, and distinct from knowledge derived by processes of mutation. ... To the early nineteenth century, aesthetic definition is including the exercise of judgment with respect to beauty and had to be "disinterested contemplation" effected. ... Artifacts, by definition are "the utility of which form a significant part of its identity". ... By his definition, it means that the sight of the thing makes us objective. ...
There is no right or wrong answer and no set definition. ... Each of these photos represent my definition of family because these are all the people who love me, support me, and I know I can always count on. ... Definition of Family My personal perspective of family is closely related to the definition provided above by Kaakinen and colleagues. ... The photos I have selected on the appendices page represent my definition of family because these are the people that I know I can count on. ... The theoretical foundation that I find most helpful to explain my definition of family and my experienc...
The definition of justice was left for a later discussion in the Republic. ... Those involved in the discussion agreed on the need for further refinements to the original statement, but before they could continue a gentleman by the name of Thrasymachus wanted to interject and force Socrates to give his definition of justice. ... definition of a just person into it's opposite and got his audience to agree that justice is virtue and wisdom and that injustice is vice and ignorance. ... view, a good definition would include generality and conformity for all examples of it's defined term....
