- Jun 2019
inequality of exchange
goods may be of equal value in the market place but are not equal in the minds of the traders.
the Christian scriptures, consisting of the Old and New Testaments.
a medium of exchange
the state of something with regards to its quality or appearance.
the doctrine of sunk costs
when you choose to evaluate the value of an item based on what they can do for you in the future no matter how much value they cost originally.
based on or influenced by personal feelings, tastes, or opinions.
having a great deal of experience or knowledge on given subjects.
extremely useful or important.
the state of not having enough nutrition due to lack of food to eat.
condition of being regarded or treated as more important.
division of labor
assigning different tasks to people to improve efficiency.
A book made by Daniel Dafoe.
one of two or more available possibilities.
a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.
An economist is a practitioner in the social science discipline of economics.
unable to read or write.
a person who concentrates primarily on a particular subject.
the act of learning
inf lationary economy
Increase in price of goods and services.
- division of labor
- inequality of exchange
- Robinson Crusoe
- the doctrine of sunk costs