NEW214Y1 Lecture Notes - Lecture 6: Stock Market, Reall, Noble Eightfold Path
Document Summary
Concrete: facts about the money that we spend, or amount, numbers that have. How to create a demand in order to satisfy that. Whenever there is demand, opportunity to produce goods, to satisfy the demand. One earn out of consumption of products that you produce. How to increase the demand of ppl to make your product. Economic study limited to those quantified elements of such activities. Study of economics- science, academic discipline crystallized into scientific knowledge in industrial era. Little to do with life sciences, philosophy or other things. Whatever you want to study in economics, purely confined within very discipline. Sciences produce solution to complex interrelated problems that face humanity. Economics can do little to ease economic process. Whatever number it tires to portray that would describe well being of our livelihood. If stress only on the economic values, you have less concern about protection of species or pollution cause on ocean, cut down of forest.
