Economics and Profit Motive Essay examples

Submitted By gujar12345
Words: 573
Pages: 3
Open Document
Atique
(1) Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally Help give you financial security. Make your money grow. Seek out a good investment advisor who will assess your penchant towards risk & reccommend appropriate investments. Edward Jones reps are rated best & most conservative.

(2) List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary You purchased a hair cut and a cell phone contract.

(3) List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary

You purchased a hair cut and a cell phone contract (4) One of the functions of money is as a store of value. How does inflation affect money's ability to store value? Inflation erodes the buying power of money. A loaf of bread still takes just as much time and effort to make today as it took last year, but the price rises because the money value erodes with time. Last year, bread cost $0.99. This year, $1.29. The rise in price comes mainly from two factors, rise in cost of raw materials and inflation causing the dollar to buy less in goods and services.
(5) Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there ? Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there.
(6) Explain which economic system (market, planned, mixed, or traditional) you think is best for consumers. Describe at least one reason why you
Show More

Related Documents: Economics and Profit Motive Essay examples

Assignment 1 Essay

Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Two important things financial planning can help me do is to create a budget and plan for retirement. Creating a budget is an important thing to do because it helps organize your finances and figure out how much money you have to spend on certain things. Planning for retirement…

Words 1137 - Pages 5

Essay about Csr: Corporate Social Responsibility and Csr

known as the “profit, people and planet” approach as well. That is, the businesses nowadays not only focus on making profits for shareholders, but also care about how they making profits. Business, a part of the society just like we individuals, should embrace its responsibility by encouraging positive impacts on it. Whether the company should take CSR seriously, it is better to find a balance between profits and CSR. As we can see, some companies only care about short-term profits so that they contaminate…

Words 535 - Pages 3

Dbq New Imperialism

be taken straight through Egypt. The imperialist powers saw Africa as an easy target to gain their nation's own economic wealth. New imperialism in the late 19th and early 20th century was primarily caused by economic motives because of Africa's amount of natural resources and access to new markets to trade and sell. Despite the economic reasons, new imperialism also had political motives that can be analyzed as a…

Words 753 - Pages 4

Chesapeake Colonies Dbq

the reason these settlers arrived in the New World. This affected the colonies lifestyles, economies and political choices. The Chesapeake region consisted of Virginia, Maryland, Pennsylvania and New Jersey. The motives for settlement for the Chesapeake lay solely on commercial and profit, for example, the search for silver, gold, and a northwest passage to Asia. In 1607 the first successful English settlement in the Americas was Jamestown. 104 young, single men, indentured servants and very little…

Words 585 - Pages 3

Microsoft Word and Press Ctrl Essay

otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) 2. List two examples of…

Words 556 - Pages 3

assignment 1 Essay

Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) One example of financial planning that could help me would be saving for a new car. Another example would be saving for college. Saving for a new car is important because I will need a car for work and college. Saving for college is important because I want to…

Words 1431 - Pages 6

Essay on Capitalism and Adam Smith Cont

THAT ALLOWS US TO HOLD EACH OTHER RESPONSIBLE FOR OUR BEHAVIOR. ECONOMIC SYSTEMS The big three… • CAPITALISM • SOCIALISM • COMMUNISM GREATER GOOD • Quality of life • Human flourishing • Happiness • Freedom/autonomy • More stuff/ Wealth • Innovation • Power • Safety and Security • etc. A DEEPER UNDERSTANDING OF ADAM SMITH’S FREE MARKET HANDOUT ON BLACKBOARD • CAPITALISM • INVISIBLE HAND • LAISSEZ FAIR • FREE MARKET • PROFIT MOTIVE Common (incomplete) view • We are by nature self-interested/competitive…

Words 422 - Pages 2

John Stuart Mill

many and had high expectations by most (Noble p 763). This new imperialism was brought to light by three main motives; economic, nationalistic, and ideological. The economic motive of the new imperialism was the hope of new profit that would correlate into stimulating the mother country. This was a false hope to encourage the empire. In reality the colonies did little good for profit and exports. It became a realization that France, Germany, and England were there own best customers (Noble p…

Words 830 - Pages 4

Where Historians Disagree: The Origins Of Slavery

Slavery was established in America for various reasons. Some believe racism led to the subjection of Africans, while others think economic motives developed slavery. In the passage, “Where Historians Disagree: The Origins of Slavery,” five historians make interpretations based on the facts provided. In an economic perspective, the need for a large labor force to cultivate staple crops like rice and tobacco was in high demand. Unlike Natives Americans, Africans had a strong immune system and further…

Words 325 - Pages 2

Jobs: Economics and Direct Competitors Essay examples

new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points) I would look for what type of economic system it has. I will also check the unemployment rate, The GDP, and the Price stability. I would check these things because I might…

Words 833 - Pages 4