Friday, October 7, 2011

Economics

definitions 
Social - Pertaining to the interaction of people.
Cultural - Pertaining to social customs of a given group of people.
Commodity - Valued resource: workforce, space, raw materials, information, energy.
Economics - A system of acquiring and transferring commodities.
Capitalism - An economic system based on "survival of the fittest".
Communism - An economic system based on "you put in your fair share; you get your fair share".
Socialism - An economic system based on "you get a share regardless of your contribution".



http://graphcomp.com/home/bfree/opinions/economy.html


1 comment:

  1. I thought this will be simple enough for a start to understand economics!

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