Ch.8F Economics the Virtue of Righteousness (Pages 753-761)
Economics is the social science
That studies the production,
Distribution & Consumption
Of Goods & Services
A definition that captures much of Modern Economics
Is that of Lionel Robbins Essay (1932)
The science which studies Human Behavior
As a relationship between ends and scarce means
*Scarcity means that available resources are insufficient to satisfy needs and wants.
*Absent scarcity is time when there are no economic problems.
Economics uses consumption of wealth,
And with the various related problems
Of labor, finance, taxation
in a political economy
The economic system of a country
Thrives on the economy
That is thrifty & judicious
In its usage of money or goods
Economy purpose is a measuring tool that reflects the management of the income and expenditures that has alternative uses scarcity means and absent scarcity. Economic systems are the structure of economic life in a country, area or period that is stimulated by the quality of people, household spending and government control.
~Economic Life Psalm
It’s not what happens to you that determines how far you will go in life; it is how you handle what happens to you.” Two men look out the same prison bars; one sees mud and the other stars.”
Frederick Langbridge & Zig Ziglar 321
We are all on the quest for understanding — understanding others, understanding our purpose, understanding our world and maybe even trying to figure out life itself. We can take pleasure in the understanding we have gained over the years. We can be energized by knowing that there is always more to learn and understand, regardless of our age or circumstances. ~
Understanding Positive Progress Quote
“Dress for success. Image is very important. People judge you by the way you look on the outside.”
~ 452 Brian Tracy #...?
Huh Tactful Humor What does this Mean: Democracy is the worst form of government except for all those others that have been tried. --
Winston Churchill #30 Pg. 1484
Water Kindness Creates Impetus Stimulus Poem Inside a Poem: Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love. -
Fare thee well, dame, whate’er becomes of me sighing
every minute and groaning every hour would detect the lazy foot of Time as well
as a Clock.
Civilization is Civilization Humor is Virtue & God's #1 Law is Love: American people have the ability to laugh at themselves. It is one of the things that makes this country the great country that it is. ~
Desi Arnaz Comedian who has performed one of the funniest shows of all Comedians to ever live from the 1990's....
A twinkle in my eye, A Angel from the sky, smile at me if you like me…
~ Nursery Rhyme Angel Line
you remind me of Better Days, Buttercup; a Paul Revere ideal girlfriend riding on a Wave of discovery and exploring more than history… a Lewis and Clark Marriage Beginning and Endin, a Butter Cupping State of Mind, a Missouri Show Boat State and Motto to a or the Gateway to the Mid-West like Humor and Friendship, a different River Saying and or Sayings for ever port and on goes the way and now goes the way to get the Gold like a 49er...our love Runs deep like Chevy....
~ Senator Dianna Feinstein Exceeding Excellence 625# When Supply Meets Demand...?
Listen to music
Instrumental “Mind Eye” by
Nightmares on Wax
School of Thoughts Economics...
Economics Classified Two Ways
Microeconomics examine the economic behavior of agents
(including business and house and households)
and their interactions through individual markets,
given scarcity and government regulation.
micro-economics, general equilibrium theory
including their movements and interactions
Recent developments to microeconomics
also examines how these behaviors affect the supply and
for goods and services, which determines, prices and how
prices, in turn,
determines the supply and demand of goods and services
on a small scale.
Examines an economy as a whole “Top Down” with a view
Explaining the levels and interactions of broad
aggregates such as national
output, employment and inflation and sub-aggregates like total consumption
and investment spending and their components, and
Macroeconomics is a branch of economics
That deals with the performance, structure, and
Of the economy
As a whole.
Study and seek to understand the determinants of
aggregate trends in the economy
With particular focus on national income, unemployment,
And international trade on a large scale.
The basic prescription
for preventing deflation is straightforward, at least in principle: Use
monetary and fiscal policy as needed to support aggregate spending, in a manner
as nearly consistent as possible with full utilization of economic resources
and low and stable inflation. In other words, the best way to get out of
trouble is not to get into it in the first place.
direction…Decision determines destiny….”
“Desire is the
starting point of all achievement, not a hope, not a wish, but a keen pulsating
desire which transcends everything.”–
Hill #35 Pgs. 1485
Witticism Tactful Humor: Denial ain't just a river in Egypt. --
The Economy of Love Pays off in Dividends
: “LOVE is the greatest refreshment... in L I F E" --
Money Epigram and Reflection Thoughts: People are reluctant to pay with confidence and love;
they prefer to pay with money and goods.
Hesse Reflections...Put not your trust in money, but put your money in trust. -
Oliver Wendell Holmes... A bank is a
place that will lend you money if you can
prove you don't need it. -
Hope quoted in Alan Harrington,
Life in the Crystal Palace: 'The
Tyranny of Forms'... The size of sums of money appears to vary in a
remarkable way according as they are being paid in or paid out.
Julian Huxley Essays of Biologist... Money
is a horrid thing to follow, but a charming thing to meet. -
Champagne wishes & Caviare dreams believe it or not
fly away on angels wings in each others arms and deep pockets.
~ Robin Leach Master Line Rich and Famous
Research Televised Television Host #...?
you are my ideal of beauty and my need of quality and
want and value... Surround yourself with people who make you hungry for life, touch your heart, and nourish your soul.
School of Quality
Positive Love Thoughts Line
Listen to music selection by
The Michael Gungor Band…”Ancient Skies” Christian Pop
Economic Concept: Supply & Demand
Supply is the relationship
between the quantity of Goods or Service
that a producer or supplier is willing to bring into
for the purpose
of sale and the price of the Good or service.
The law of supply states
That price and quantity
Supplied are directly
In other words,
The higher the price of a product,
The more of it the producers
Demand is the relationship
Between the quantity of a product
That a consumer or buyer would be willing
To buy and the price of the product.
Demand is often represented
As a table or a graph relating price
And quantity demanded.
The law of demand
In general price and quantity demand
Are inversely related.
In other words,
The higher the price of a product,
The less of it
Consumers will buy.
The laws of supply and demand are crucial to explaining
the market economy in that it explains the mechanisms by which prices and
levels of productions are set.
you carry out acts of kindness you get a wonderful feeling inside. It is as
though something inside your body responds and says, yes, this is how I ought
with Determination and Dedication. The world is all yours.”
invariably attract into your life the people, situations, and circumstances
that are in harmony with your dominate thoughts…you are a living magnet of choice
Dominate thoughts Choice
Depends of the Question Witticism Tactful Humor: If love
is the answer, could you rephrase the question? --Lily Tomlin
Self Esteem Quality Declaration:
is the gradual result of always striving to do better or a pre-season life long
habit from youth with little rest for then Quantum Physics mind and body habits
only improve with age kind of like being in outer space with no gravity when
you push something it only gets better or faster with quality invested impetus
applied time…. ”
Love is a gift, not an obligation, follow your heart
and always trust the person you love. —Pat Riley C Bio 1021#
Epigram Cake Tactful Humor Impetus Bible of
Bliss a Country Wit Creative Positive Proverb Water Psalm:
Unique is a creative difference of or for quality needs in a diversified
society or economy, a common sense foundation of positive human sexual reality
daily value positive enlightenment improvement. Love is something eternal…The
aspect may change, but not the essence. The best proof of love is trust.
loves, believes the impossible.
I got a
Nod and a wink that says yes if you say yes.
~ Got the Supply if you Demand it Line
Love is an
irressible desire to be irresistibly desired. Happiness makes up in
and Depth for what it lacks in
length...A beautiful life does not just happen; it is built daily by prayer, humility, sacrifice and love. ~
Robert Frost Line
as if thy
or a Duty Tolled in the Night Blessed is the season, which engages the whole world in a conspiracy of love.
music instrumental “Canon in D” by
History of Economics
Although discussions about production and distribution
Have a long history economics in its modern
Sense is conventionally dated from the publication
Of Adam Smith’s “The Wealth of Nations” in 1776.
In this work Smith defines the subject in practical
Political economy, considered as a branch of the
science of a statesman or legislator,
Proposes two distinct objects; first supply plentiful
revenue or products for the people
More properly, enable them to provide such revenue sufficient for the public
In proposes to enrich both the people and the
Smith referred to the subject as political ‘economy,’
But that term was gradually replaced
In general usage by ‘economics’ after 1870.
Over the years, the
U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to
recover, and to continue to grow. Flexible and efficient markets for labor and
capital, an entrepreneurial tradition, and a general willingness to tolerate
and even embrace technological and economic change all contribute to this
Because these law enforcement
investigations are underway, specific details remain confidential. It has not
yet been determined in any particular case whether or not securities laws were
Chairman Security & Exchange Commission
To respond is positive, to
react is negative. I believe life is to be lived, not worked, enjoyed, not
agonized, loved, not hated.” “Live with passion.”
Bartlett…121 Anthony Robbins
if you can’t see it now, Trust the Path that you are on, it contains everything
you’ve asked for in order for you to learn the lessons you came to this Earth
School to learn.” – Mastin Kipp Do all the good you can, to all the people
you can, in all the ways you can, as long as you can.
Love is a friendship
set to music.
~ Joseph Campbell
Creative Love Poem Inside of a Poem Recipe #2: Love is always CREATIVE. Fear is always
(Steve Chandler)Thinking will not overcome fear but Good or Great and or Better than Good
Romantic Comedy Quality Improvement Checkpoint Element #9:
Nothing interferes with my concentration. You could put an orgy in my office
and I wouldn't look up. Well, maybe once. -
The roots of all goodness lie in the soil of appreciation for goodness.
Holy Wed Lock Shakespeare Holy Matrimony Shakespearean Pure Love
Romantic Marriage of Inspiration Motivation Quality Encouragement Positive
Virtue Enlightenment Psalm Ingredient #17:
When we are apart, I look
forward and anticipate our moment of unity in
psalm or song in Mid-Night Worshiping of sizzling marriage mating feelings of movement that moves motion
passion taste or touch "Truth" pass sight & sound "Slumber"...Good Action Over Fear Elements...
Strawberry, Peaches, Grapes, Oranges and Plums what do
they got in common with you…Action is a great restorer and builder of
confidence. Inaction is not only the result, but the cause, of fear. Perhaps
the action you take will be successful; perhaps different action or adjustments
will have to follow. But any action is better than no action at all.
~ Sweetness Fruitful Curiosity Open-Up
Sports Science will Never Lead you Wrong
I'd give everything to be your anything...if you
anything is everything…Bond and Free Love has earth to which it sings and or I
just, I’d give everything to your anything or Just I’d give everything to be
your anything…thoughts as pairs of dauntless Wings…
Strike a Match on all Wasted Time Line Lucy
Pinder a 653 Courtly C Disney Bio#653
Listen to music selection by
Booth Brothers “Welcome to the Family”… Southern Gospel Enlighten
Supply Side Economics
In Time Square The Marriot Marquis
Rises up thirty stories High many feet
Before the hotel lobby sigh
Lofty guests in Manhattan with many features apply
Hotel under design what a feat
Guess don’t have to step on the homeless back street
While waiting to register at less Embrace Premise that
might require Why me…?
Education has its benefits…Supply & Demand fits
Demand your education…Life can be a Vacation
Sky Full of Angels Supply Side Economics Driving Force of Change Why me Opportunity…? Why me...?
The key is to exalt in the falls of your life; Embrace them! For they offer us the milieu to transform, giving us the springboard to rise above the turmoil, disappointment and suffering, transcending to the place where understanding, growth, enlightenment and yes, complete healing occur.
The difference between FIFO inventory and LIFO inventory. The figure
indicates how much a company’s taxable income has been reduced by
using the LIFO accounting method rather than the FIFO account method.
As prices for goods and materials rise, the LIFO reserve will also
Bad company ruins good morals leave it up to the ones
with great morals and principles to handle them…
~ Choice of Company Aphorism
Mutual fund: An open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public. Mutual funds then take the money they receive from the sale of their shares (along with any money made from previous investments) and use it to purchase various investment vehicles, such as stocks, bonds and money market instruments. In return for the money they give to the fund when purchasing shares, shareholders receive an equity position in the fund and, in effect, in each of its underlying securities. For most mutual funds, shareholders are free to sell their shares at any time, although the price of a share in a mutual fund will fluctuate daily, depending upon the performance of the securities held by the fund. Benefits of mutual funds include offer choice, liquidity, and convenience, but charge fees and often require a minimum investment. A closed-end fund is often incorrectly referred to as a mutual fund, but is actually an investment trust. There are many types of mutual funds, including aggressive growth fund, asset allocation fund, balanced fund, blend fund, bond fund, capital appreciation fund, clone fund, closed fund, crossover fund, equity fund, fund of funds, global fund, growth fund, growth and income fund, hedge fund, income fund, index fund, international fund, money market fund, municipal bond fund, prime rate fund, regional fund, sector fund, specialty fund, stock fund, and tax-free bond fund.
Tactful Humor Inspirational Funny Element Ingredient Witticism Quote:
The difference between perseverance and obstinacy is that one often comes from a strong will, and the other from a strong won't.
--Henry Ward Beecher
Chanel Fashion is Style Creativity Leads the Economy Love Quality Point: For me, Chanel is like music. There are certain notes and you have to make another tune with them.
~Karl Lagerfeld 866 Fashion Icon Bio 866# One The Most Successful Fashion Designers to Ever Live
According to my see and saw watching not just looking, you stark bare Ass Tree Trunk Bare Ass bottom out bare ass skin deep necked not wearing any arrangement of underwear, not even a kind of Sort of… You can always take a branch off a limb but never cut the life from base of any trunk… for the life of God and living and going on at your pleasure and or i.e. etc... you as my leisure...
~ Home Run Tease Marriage Banking Line
Listen to music selection by
Susie McEntire Luchsinger “Sky Full of Angels” Country Gospel
Economical Promise Financial Freedom
Mellisa Roberts Financial Investor Author Educated
from James Madison University The
Assignment Editor Producer CNN Courtly
Character the Intellect and The mm & rr M&M and R&R Supply and Demand the
other celebrity too mmm rrr more than Indemnity Agreement Real Estate Property #152
God Didn’t Promise us an Easy Life,
Problem free and without Strife,
He never said it wouldn’t be tough,
Or the Road of Life not be Jagged and Rough,
But our Gift of Love, Guidance, Direction, and Hope
Gives us promise beyond the world we now live in,
So work each day and live with decisions to learn from which
Some may be mistakes, with time if pained from doing
your best the hurt will fade,
And Remember He is with us everywhere
Some look but those who can See are Rare beyond the Initial
Creation of a Beginning Guaranteed Idea…
Just open your eyes and you might Recall,
The Singing Bird and the Rainbow after the Rainfall,
And look with wonder at the faces of those you love,
And you’ll see yourself in the Eyes of the Angels from
Many people of the past from lack of Money or Opportunities
were unable to reach their Full Fullest Whole Positive Potential
A Promise an Agreement or Vow; Indication, as of a Successful
Promise Financial Positive Consistent Prophet Future; Basis for Expectation to Engage
or Pledge To Grow To Progress To Survive
To Love To Win To Learn To Positively Bid life or Live Life with Economical
Financial Freedom into and through Positive
Promising… “Promise Purposeful” Longevity H20 Life Aqua Lifestyle Holistic
Gains of Profits
Love recognizes no barriers.
It jumps hurdles, leaps fences, penetrates walls to
arrive at it destination full of hope.
Self-Confidence is an all important trait you need to
acquire in today’s fast-pace world. You must have confidence in yourself first
to earn the confidence and respect of others.
~ Courtly #8
Hillary Rodham C (Born: October 26, 1947)
fulfill a dream, to be allowed to sweat over lonely labor, to be given the
chance to create, is the meat and potatoes of life, but you should share your
creativity to get a more finished product.
Foreign Exchange Spot Trading: A market for trading where currencies are bought and sold with other currencies, and are exchanged immediately.
Positive Self-Discipline puts
you in the Driver’s Seat. When you rehearse the correct moves and internalize
them, you will become a high-performance human being.” ~ 463
Romance is the glamour which turns the dust
of everyday life into a golden haze.
~ Elinor Glynn
The list of qualities [an investor should have]
includes patience, self reliance, common sense, a tolerance for pain, open
mindedness, detachment, persistence, humility, flexibility, a willingness to do
independent research, an equal willingness to admit mistakes, and the ability
to ignore general panic
. ~ 1109 Peter Lynch
Maxim Positive Success Words of Wisdom: A strong, positive self-image is the best possible
preparation for success
Romantic Love Spark Inspiration Encouragement
Motivational Marriage Seduction Sense of Senses Sensational Feel Harmony: Spouse, I remember every look upon your face...when we
are a part...The way you roll your eyes, The way you taste, you make my senses
come alive...away and apart ...Agape and or Together a Grape...
Successful people save in prosperous times so that they have a financial cushion in times of
recession. Those who start with too little money are more likely to succeed
than those who start with too much energy and imagination are the spring boards to wealth Creation.
I wanna be next to ya for the clutch. I want to travel with ya....Let’s be
there for each other in the clutch
. As gardeners
of each other's imagination and our
souls which may blossom in prosperity.
I Truly Want to be your Best Friend Forever
4 Life Against all Odds line
Listen to music
Johnny Kemp “Just Got
Six Business Principles
Discipline Philosophies the Cookie
Management, Marketing, Accounting, Statistics,
Economics, and Finance
If you know these six well…
Through the shopping windows everything winks
Warm and dreamy against the tongue and senses
Management, Marketing, Accounting, Statistics,
Economics, and Finance
Delicious dreams can appear whole
Prepare Preparations Exceed life courses Lovers love
love to be whole
Depending on your best Business Disciplines Shopping
through life’s windows it unfolds
Children need models
rather than critics.
--Joseph Joubert(1754-1824) French Philosopher
“I’ve always believed that if you put in the work, the
results will come.”
Belief Truth Smartness Hard Work Help Quote
You’re alive. Do something. Look. Listen. Choose. Act.”
The manner in
which it is given is worth more than the gift.
--Pierre Corneille (
Yen Carry Trade---A specific example of a currency carry trade, where an investor will exchange a specific amount of Japanese Yen for another currency with a higher interest rate, and then will invest the new currency in hopes of earning more interest than could have been earned with the yen.
You can’t have the fruits without the roots. It’s the principle of sequencing: Private Victories proceed Public Victories. Self-mastery and self-discipline are the foundation of good relationships with others.”
~ Stephen Covey (Born: October 24, 1932 --- A Book to Read)
Author of, The Seven Habits of Highly Effective People. Index II Pg.1519
At least eighty percent of millionaires are self-made. That is,they started with nothing but ambition and energy,the same way most of us start. Your wealth can only grow to the extent that you do!”
- T. Harv Eker & Brian Tracy
Tactful Humor Witticism Inspirational Funny Element Ingredient Quote:
The only thing that ever sat its way to success was a hen.-Sarah Brown...The past is a guidepost, not a hitching post. -Thomas Holcroft
All I Really Needed to Know I Learned in Kindergarten Poem Inside of a Poem: Think of what a better world it would be if we all - the whole world - had cookies and milk about 3 o’clock every afternoon and then lay down with our blankets for a nap. Or if we had a basic policy in our nations to always put things back where we found them and cleaned up our own messes. And it is still true, no matter how old you are, when you go out into the world, it is better to hold hands and stick together.
Clarification Love Point: "Never speak out of anger, Never act out of fear,
Never choose from impatience, But wait... and peace will appear." ~
You are an uncut gemstone of priceless value. Quality
cut, improve and polish your potential with knowledge, skills and service and
you will be in great demand throughout your life. ~ (Revised)
Waitley's Seeds of Optimism Line The Seeds of Greatness
Treasury The Biology of Economy Hope
Picture these Cherries, Berries and the Fairy God
Mother… What could we do....If, I grant you three wishes…wishing to be rich is
not one. When it comes to luck you make your own. What we have once enjoyed we can never lose.
All that we love deeply, becomes a part of us.
Fairy God Mother Business Principle Line
Greater Vision “Paid
in Full” (Through Jesus, Amen) Southern