SOSC 1710 Lecture Notes - Interbank Lending Market, Limited Liability Company, Subsistence Economy
24 Nov 2011
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Document Summary
Profession creates a gap between the non professional. To an extend, professional economics is like many aspects real profession. This term really means print money, put more money in the systems. Also, chapter 16 points out how big is the government"s role in the economy. The nature of work: work remains central to our existence it is necessary for survival of most people. Work is activity to provide for food, clothing, shelter, other needs: economy= work to produce what we need, work is a social product= historical the way in which work is presently organized is not inevitable. It can be questioned and transformed: people seek meaning in their work quality and not quantity. Hunting and gathering societies: subsistence economy of immediate consumption, no accumulation of surplus, therefore minim cal exchange. Increase in productive power: accumulated of surplus therefore establishment of market exchange.
