Tuesday, March 30, 2010

Eco study

Haha eco is kinda contradictory, like its definition is ' a social science which uses systematic methods to study human activity concerned with the economic problem. The economic problem exists because there are relatively scarce resources compared to human wants. '

Therefore, an economic system must be created for the maximum satisfaction of society's wants.

Choices must be made, as to which wants to satisfy.
Thus, the economic problem asks the questions:
What to produce; How much to produce; How to produce; and Who for to produce.

But then most people, even after they get what they 'want' aren't happy.

Haha.
Blunt ending.

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