GEOG 1103 Lecture 12: lecture 12
28 Nov 2017
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Document Summary
People in the book feel a certain way about their state of poverty (hopeless, taken for granted) The people in the book may be considered rich compared to those in third world countries. It"s not simply part of one"s culture. The most competitive plants are those that achieve the lowest unit costs, a combination of wages, productivity and quality. Money that you acquire to buy something is just money. Money that you use to buy something in order to sell it again it capital. Ex. buying a car for you = money. Ex. buying a car to use as an uber = capital. Financial assets or the financial value of assets. The factories, machinery and equipment owned by a business and used in production. Money used to buy something in order to sell it again, or as money advanced to get it back again.
