chpt2 - " -, .- ,._. _-"._,- HOW ECONOMIC...

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-, . --- ,._ .. _-"._,-- " -_ __ . __ ., , _ '_10 ..... ' 10 ......... -.- ~"'t.".'" SOIl _ lorN, • ~~._.-.,- ... -..""' ....... rlqllII ofl"" "-'''*'1''' ._.D.;_~_ .... .wt ___10 ---- " ,..- ,.' -- ~_"'iL_ ,.- - 01_"._- ._ .. .... .of_ - .' lie ~ HOW ECONOMIC CONDITIONS AFFECT BUSINESSES Unlike fWu aad od ".' ,,_ c:ount. .-, ... lI wd Swcs it . ~ ~cou.lr). lu rnUepdlNB can Ft fwodu,. b mky ~ Ii1.< me a ' South AmKb. (10] tIE Olhn' hand. Is ,~ poor. MIl .. IcKmoaeI'a' "eb'- for lftpn:IIaIriaI 1I) iI; thal' 'o\m Korta' ,., uwly -uhy and hOf1h I\:ofn,. ...u~ «01- .,. many 01 iU. ..,oPe 1Wri"l?' . 11y 10 Chi annual income pn" prncla much less !.han TIol. (SU,oIO)? Such q elio ~ am pan of lhe ""'-""1 « liOilticI. . In IhiI c:ha~ _ apkn: l.Ioe variouo «..-x,lk: ,,_ . -.rid and h<M'tbrve.lher pl~'" hi buArotIIlt'I"". .... lhe ...... hh .• nd . . hlah« QUllIity olllfc: for In. A major pAn of AJTM:nCa" busineu iucc. ;I. due to an econo',," 110.,;.1 dlmllc chi, .110"" buJI~ 10 operate freely. People an frff ;Ian . busi_ an)""he. ...... d • . .,just IS free 10 r.u. ~ frudom lob,l stan again Il>OlIVll'eJ pcopk: 10 try untllthtoy sutteN becau!Ie the' rno am often !!(llreat. Any change in the U.S. eo::ooomic or political ",I<"IlI .. map InOue. ..,. . on , ~ of the: hullnewo IV ,em. GkJb<,J ~~ and politic. .1so ha. .., . IJllljew Infiuoenceon bmi~ ia IIv United Sl Tho/f'dOl"'", 10 u~nd uinoess. Y'OO ..1>11 abo und&nund bot- __, ~ ks and politk5. Sam . ...-.on.IoundrrmYo'ah\brt.Is)111M one of .......... ol mm and' _c~ who '-"eo 'M -.hh lcIrthrirb ...I. ...t ~allJRtfift ""'" ""c no. cMnc. .-. ........ rr- -t<ao. < co d l" : maul is incrodo. ..... l and peopIc em find • blUe ,. 10'" $l&r1o-d. ,
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10m li,'e" ,"" b60d bv "" em· !llnL"ll' and WO'no1'l \lint Is Economics? E<-mial ism.: Rudy of '-' lIOClety cl-. .o 10cmplof I"CIiOUft:n to pro- t/In'Ic:a and di ..ribu. .. lhem for _,mption .1'/IOIIl& >'arioul and Ind"idlWs. Rtomembcr from Cbaplft' I WI 1hclic ~ pou~ "11$ o.na. bboe". capiud. cnl~P. ~~l are cal&ecl ..,.JoN- ~ are e- m.jor bDncha d «OI. ..... OCS' .... ,~.dca loolls 81 ~ol.-uon·I«IM""M .. a ""hOIC Idiutw:OJe mo 10Gb .. 1odIa'"'iorolpeope orpn~ in ~ -teu. foreumplc, -= ......... , koob at '-' many Jot- criA io IIw ..-hole «01 ....... ,.. aaminc& heN' many ~ ,..i1J bl' bimlla a putio:ubr lo- .... partindar ~ oIllw couau). 'IbJ*:a djen If dill . .... chapt« : ~_;"",~~"'~aiKiOKIMIOIT\w.-. ,...,. . arnu '" lie produce (COP'). I BU". and JWk'e Indaa. Cbaplcr Iopia: thu. dtal . ..ith Iftia'o. is8ueIlnc:1udc priri ..and . ... ppIy and demand. 'iocmr . ... 1MOtib/$ dditw «111. 'Ua ihc Iion ol-ararce" reaourcn. ~ thal oaouta!I .... _ a«d to be anfuJ!y diridrd -. -..JIy ~ ..... F"'ftllrnCnL 'I1lEft't no way to maia&ain peoce and P"»' .. the worid ~ mndy divld",. the _roes'"'" haw today an-. ihc ....Iions. ~ lln'nl aIOIl&h known ~ bble to do INII. r.._ dud"",ncnl IIlhI' udw ol how In lnauJe raoun:a and I" tn- .•ronditioos lhal will make briter U!IC or I ~ (c. ... ~Ii <iii OOOI$ftv.Ilion).' Ou"idc of JO''etl\mem. bu5;l1C5SC:!I ....y conlribulc I" '''''"""'''"'OC J~tem bv In¥Cnli .. produets \. ...1lreally i~ ".-ail.bIc.". .11:. .. Forcxample, bo. .,ineJ,M'l may diocover new CrK:r"I)' toll. ..,"" (c.,., hv- ). 'leW ..-ays of growin, food, and t>Cw ways "f crealh'. needed aoo<h ..WfVka.J Furexamplc, people an illn1i,'lI rai. ., more fish In PC'" 001 0CC2ll in a ~ known as _ric"I,,,,·c,· Such ~ could lead 10 • food lor co.'n}'OllC and mon: cmplo). ..-.cnt. Why Economics Was Known as "Dismal Science" the. ..:lfld ,,'hco! kinp and other rich bndowncn had rl\QI;l oIlhc md the majlW'ily oilhi' people. , pcaoan. .. The ~ had ....m . and iI may ha,'C.-mod. nail'".) 0CIIlduI.00n lhal Ihcrc would IOI)fl awly peopk .ad nuc cnoup food aad other.--. .urat'S. 1bumat MaI- !hiII aJWUII>CUI in the: .
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chpt2 - &quot; -, .- ,._. _-&quot;._,- HOW ECONOMIC...

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