BAE 102 Lecture Seven Student Handout

Wearegoingtomakecarefuldistinctionsforour

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Unformatted text preview: ial Growth Discussions of economics are often confusing – much of which comes from the failure to distinguish between money and the real things money stands for. We are going to make careful distinctions for our systems study. __________________ ‐ refers to actual hardware – the machines and factories that produce manufactured products (with help of course from labor, energy, materials, land, water, technology, finance, management, and the services of natural ecosystems and biogeochemical flows of the planet – which we’ll come back to)...
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