Tuesday, September 20, 2011

The Definition of Economics (September 7th, 2011)

Economist are people that came very late since what they do is explain the economy, it was difficult to state it. Process of wealth is the reason for economist not how we maintained poverty.
  • Economize is by making comparisons with the choices you face. What you think about is the expecting benefits. You can also compare it to expected costs. This is how is creates rationality. You do what will benefit you better.
  • What we use to economize are subjective. They change each day because they are not objective and it's absolute need to it.
  • Incentive to what you have in your property to keep it clean and try to trash the public.
  • By the way we dress, it's not about the price but it can also have other meanings behind it that can reconcile to what is occuring.
  • Changing the payment from the moving prisoners to move them to aussie to have them actually walk out from the ships.
Economics is the study of prudence and temperance. It is the study of sympathy and man's relation in society. Economics is the study of an emergence of order and of wealth/creation, and the consequences of choices as part of the human cooperation.

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