Economic valuations are instrumental valuations by humans. ... To date there is no hard economic currency that translates to the intrinsic value of nature, or the value of nature 'in and of itself'. ... (Bubolz and Sontag 1993) However, nature cannot speak for itself, so the all affected principle is only for the benefit of humans and not of other species. (Instrumental values) The nature of human existence revolves round a global monetary system, and putting a single value on nature is, although difficult, is functional. ... Instrumental values can never take into account the int...

• Word Count: 1218
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

These all are based on human nature, unfortunately most economist are confused about human nature, through a Buddhist way of life human nature is closely examined and made more clearly. ... The good and bad referred to here are not defined by any code or law created by human being unless such a code or law follows the natural path. ... The natural path is that human beings are all equal, and thus the system which gives women equal voting rights with men is truly the just one. ... Since basic nature transcends all duality and is ultimate, there is no one to receive the effect, whether it is go...

• Word Count: 1693
• Approx Pages: 7

In contrast, many economists today consider "human capital" (skills and education) as the fourth factor of production, with entrepreneurship as a form of human capital. ... Human capital is embodied in a human being and is acquired through education and training, whether formal or on the job. Human capital is important in modern economic theory. ... This view posits a new Information Age, which changes the roles and nature of land, labour, and capital. ... The ability to do so, however, depends on the nature of the social obligations, connections, and networks, available to you....

• Word Count: 772
• Approx Pages: 3
• Grade Level: Undergraduate

Marx's idea's focused on human alienation and the four types he found to be most prominent. ... Karl Marx's four types on alienation were associated with the relationship between a human's personal fulfillment and their role as a worker in society. ... The third part states that, "The worker is alienated from his human nature or his 'species being', because the first two aspects of alienation deprive his productive activity of those specifically human qualities which distinguish it from the activity of animals and thus define human nature (Abercrombie)." Marx is s...

• Word Count: 1136
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

Due to its expansive nature, the modern approach seems to be more accurate and clear. ... Economic systems are characterized by many different attributes and it is important that we know all of these before determining the nature of the system itself. ...

• Word Count: 4711
• Approx Pages: 19
• Has Bibliography
• Grade Level: Undergraduate

When explaining why division of labor has many advantages, he attributes them to human nature and self-interest (Smith, pg.21). ... However, Smith fails to address the fact that human emotion can inhibit humans from being rational to a great extent. ... Smith does not directly explain what he means by human wisdom. But the fact that humans can communicate and barter, trade, or purchase is connected to human wisdom and driven by self- interests. ... Human wisdom is therefore connected to having self-interests. ...

• Word Count: 577
• Approx Pages: 2
• Grade Level: High School

Japan is a culture where human relations and preservation of harmony are the most important elements in society. ... "Japan is eternally at nature's mercy, vulnerable to the sea that surrounds it, to earthquakes of the soil beneath it and a real shortage of raw materials, particularly food and fuel. ... This development of the human nature and attitude relates directly to Japan's business practice and provides a basis for good business relations. ... They prefer the natural order represented by people living in human community, rather than by individual living in the state of nature....

• Word Count: 2410
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

This paper provides a summary of the article and discusses its relevance and impact on human resource. ... On the other hand, there are pressures emanating from the unstable nature of the economy which are forcing organizations to withdraw from providing financial incentives to their employees. ... Human resource management concerns making sure that the work force performs according to an organization's expectations. ... Impact on Human Resource From this article, human resource management can implement a systematic and realistic strategy, which ensures that organization reforms are imp...

• Word Count: 830
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

This work was about those standards of ethical conduct that hold society together, with emphasis on the general harmony of human motives and activities under a beneficent Providence. ... An Inquiry into the Nature and Causes of The Wealth of Nations mentions over 100 names. ... In 1776, Adam Smith's book An Inquiry into the Nature and Causes of The Wealth of Nations was finally published. ... An Inquiry into the Nature and Causes of The Wealth of Nations is the best known writings of Adam Smith. ... Smith's view of government was not negative in nature. ...

• Word Count: 3887
• Approx Pages: 16

Scarcity is a condition when humans have infinitive wants but limited resources, therefore not all their wish can be fulfilled, so there is an opportunity cost involved everytime they make a decision to satisfy one wish rather than the other. ... Scarcity is a condition where demand for something exceed the number of them can be supplied by nature at a zero price. ... Scarcity causes us to endure opportunity cost, because we always want to exceed what can we get with the limited resources from nature. ...

• Word Count: 506
• Approx Pages: 2
• Grade Level: High School

James Rosenau's most important casual factor on the subject of organized crime and the war on drugs is that of the nature of the international system. ... The dark side of globalization allows multinational criminals to broaden their range of operations from drug and arms trafficking to money laundering and trafficking in human beings. ... The information and skills revolution has also changed the nature of political authority. ...

• Word Count: 667
• Approx Pages: 3
• Grade Level: Graduate

Smith moved to London in 1776, and then published his famous book entitled An Inquiry into the Nature and Causes of the Wealth of Nations. ... Smith said, "the best contribution governments can make to the wealth of nations and to the progress of human society is to leave individuals free to follow their natural prosperity of make changes" (Smith 453). ... For Smith specialization was the key to human material well being. ... To Smith nature is many things, including "nature is the essential quality and character of something, it is the inherent force which directs either the world or human...

• Word Count: 3103
• Approx Pages: 12
• Grade Level: Undergraduate

But perhaps none has been so dramatic and pervasive in its impact as women's slow acquisition of human rights. ... Respective roles of men and women are still undergoing profound change, in the process of transforming the nature of the family, society, culture and politics along with economics and the world of work. ...

• Word Count: 327
• Approx Pages: 1
• Grade Level: High School

Disputing that the essential nature of international relations has not altered over the millennia; in this excerpt, Gilpin uses history, sociology, and economic theory to recognize the forces generating transformation in the order of the world. ... From analyzing this page I can only assume that Gilpin's thinks that theory of war recognizes that realism needs some assumptions about human motivation and that international politics is not only systemically determined....

• Word Count: 322
• Approx Pages: 1
• Grade Level: Undergraduate

More importantly, the study of political economy analyzes the distribution of power and wealth and the nature of the state. ... In Leviathan, Hobbes explicitly sets out his moral and political philosophy with regard to human nature, the state of nature and an absolute sovereign in whom the power of the people is invested. ... Hobbes finds that men are competitive, defiant and desire to be glorified, and it is the resultant self-interested acts of men that set out the foundations upon which Hobbes' vision of the state of nature is constructed. ... If humans are irrational, and sovereignty ...

• Word Count: 1585
• Approx Pages: 6
• Grade Level: Undergraduate

Chapter 1 The Nature and Scope of Economics Economics is a social science that studies how people and institutions within a society make choices and how these choices determine the use of the society's scarce resources. ... Productive resources are all the natural, synthetic, and human inputs that are used in creating goods and services. ... Labor refers to the time and effort expended by human beings involved in the production process. ... Human capital is the stock of labor talents and skill used to increase productivity. ...

• Word Count: 884
• Approx Pages: 4

Chapter 1 The Nature and Scope of Economics Economics is a social science that studies how people and institutions within a society make choices and how these choices determine the use of the society's scarce resources. ... Productive resources are all the natural, synthetic, and human inputs that are used in creating goods and services. ... Labor refers to the time and effort expended by human beings involved in the production process. ... Human capital is the stock of labor talents and skill used to increase productivity. ...

• Word Count: 884
• Approx Pages: 4

His two works were "The Theory of Moral Sentiments" and "An Inquiry into the Nature and Causes of the Wealth of Nations," which is what he is most known for. ... Smith retired once they returned to London and remained retired while he worked on his most widely know work, "An Inquiry Into the Nature of Causes of the Wealth of Nations," which was first published in 1776. ... The sovereign is completely discharged from a duty, in the attempting to perform which he must always be exposed to innumerable delusions, and for the proper performance of which no human wisdom or knowledge could ever be ...

• Word Count: 1038
• Approx Pages: 4
• Has Bibliography
• Grade Level: High School

The benefits of the park are diverse in nature. ... The plants and trees are the only source of oxygen which is the necessity for the survival of human race (Snyman). ... It is the human beings who cause pollution through their extreme economic activities. ...

• Word Count: 1027
• Approx Pages: 4
• Grade Level: Undergraduate

Introduction The fundamental reason for colonization is to take the assets, both nature and human, of the possessed regions to upgrade and fortify the vanquishers. ... Civilization Development Humans have been on the Earth for more than a million years, but civilization - life in cities - has come about only in the last 5,000. Through history civilizations have rose and fell, carved out of nature, dependent on nature, in the end nature took them back. ...

• Word Count: 2178
• Approx Pages: 9
• Has Bibliography
• Grade Level: Graduate

The economic problem arises because the supply of resources is limited in relation to the wants of individuals. Wants are defined as human desires for goods and services, which satisfy demands. Wants are classified according to their nature, and range from basic wants, to collective wants, to luxury...

• Word Count: 523
• Approx Pages: 2
• Grade Level: Undergraduate

More immigrants will increase the human resources of Canada, which means more jobs, more labor, and more human capital. ... Also the boost in human capital will provide Canada with more developments, knowledge and new technology to improve the production in the country. Since human capital is one of the most important factors of production the economy will get stronger by producing more goods and services causing Canada`s GPD to increase. ... The nature of the migration will impact education levels and ages of those new comers, and also impact the selected host country. ... More immigrant m...

• Word Count: 1433
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

Innovation emerges as a determining factor of success and growth of business irrespective of the size and nature of the enterprise. ... Human capital and skills are becoming increasingly important in a knowledge-based economy with technology and resources becoming more and more mobile. ... Size of organization, industry sector, occupational structure, and training infrastructure will influence the nature and extent of training activity in an enterprise. ...

• Word Count: 1231
• Approx Pages: 5
• Grade Level: Graduate

With regard to this debate, the present essay investigates liberal claims that the international economy is a "positive-sum" game, arguing that evidence supporting Liberalism is of rather fragile nature.2 According to Liberalism, international economic exchange provides advantages for all actors involved and leads to an increase in wealth. ... One has to consider that the Western-dominated international organizations providing data on the issue and promoting international free trade to countries worldwide tend to be biased toward mutual exchange and hence ignore the tentative and fra...

• Word Count: 1318
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

This factor coupled with other factors creates confusion regarding the nature of the revolution. ... It concludes that the industrial revolution, though not industrial in nature, is not a misnomer. ... The improvements were small in nature, but collectively they had a profound effect in the growth of the cotton industry. ...

• Word Count: 2253
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate