Economic Principles, Problems, and Policies |
Contents
HUMAN WANTS AND ECONOMIC SCARCITY | 3 |
SCARCITY A LIMITING FACTOR IN WANT GRATIFICATION | 12 |
THE STRUGGLe for Natural Resources | 20 |
Copyright | |
72 other sections not shown
Common terms and phrases
American amount arbitration bargaining bill of exchange bimetallism borrowers business cycles buyers and sellers capital cash cent changes coin commercial paper commodity Company competition coöperation corporation costs currency demand and supply deposits depression determined disputes dollars earnings economic rent effective employer employment enterprise established federal reserve banks federal reserve notes federal reserve system fiat money fiduciary money functions future given gold immigration important income increase industrial interest rate investment issue land limited loanable funds loans marginal productivity marginal utility market price means member banks ment monetary nomic notes open market operations operations payment period persons population possible prices of prospective profits purchasing power railway ratio rediscount represent risks securities seigniorage sell silver standard subjective prices time-preference tion trade transactions unions United usually wages wheat workers York