RSM100Y1 Lecture Notes - Lecture 1: National Association Of Scholars, Invisible Hand, Factor Price
Document Summary
Textbook: contemporary business 2nd canadian edition (buy pdf version from wiley plus) Midterm: oct 26, 10 am at exam centre. Exams will use multiple choice questions, final will include a written portion. Foundation document for capitalism, free enterprise, free trades, wealth creation. Of the origin and use of money . Money is considered, first as a measure of value and then as the medium of permutation or exchange . Money is not also considered as a store of value. Of the real and nominal price of commodities, or of their price in labour, and their price in money . The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it . the toil and trouble which it can save to himself . Of the component parts of the price of commodities . Of the natural and market price of commodities .
