CGS SS 101 Lecture Notes - Lecture 3: Economic Surplus, Planned Economy, Communism
15 Jan 2019
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Complex economies: surplus, specialization, means of exchange. Types of economies: tradition , command, market. Economies that were based upon agriculture were first to have surpluses: some people could devote their energies to other activities. Economic: made each individual more dependent on others in a complex society, lose self, turning point in economies economic surplus. Invisible hand prices and goods decided by the marketplace: taxes aspect of a command economy, accomplished a economic miracle major, supply and demand. Slave laborers, tasks performed at gunpoint: industrial power during the depression better by giving them incentives, everyone acts in their own self interest, assumes that rational people acting in their own self interest will make the economies. Some require certain workers to have authorities other different amount of money and prestige: economy of scale the larger economic enterprises , the more efficient a society can be. Can diversify less vulnerability of slums: more influence on governments.
