Economics :: essays research papers

EconomicsThe study of economics is helpful in several ways . Some of these Iwill comment on . First of all , technology levels affect a societies economy ,so by learning what products atomic number 18 produced and how they are produced , you cansee how technologically advanced a baseball club is . By examining where the producedgoods are sent/used you can get a fail idea of what type of government thesociety is run by . By studying an economy and seeing how the economy usesresources , you can learn what resources the society controls and which ones thesociety needs . Tied in with this factor of resources you can get an idea ofwhich countries have leverage over other countries .An economist how a society or government meets the needs and wants ofthe populace , either through production or commerce . Economists see the worldas a) profitable b) unprofitable c) and they see opportunity costs . Byviewing the world in such a manner they are able to help in the decision making confuse d with money and industry . They can help to save money , resources ,labor, and time .Microeconomics is the study of an overall economy . In studyingmicroeconomics you study a wider sphere of services , productions , exchanges .While not as discriminate as macroeconomics , you can get a broader picture andgrasp the basic concepts of an economy .Macroeconomics studies the study a single aspect of an economy , lets say themining of coal . You dont research the delivery , the market all you studyis the actual mining process . While this whitethorn be more limited in scale , you canlearn more about that specific process . You dont see the whole picture but youcan find the specifics on that subject .Personally I dont think that the physiocrats supposition would work . Ithink that if we tried to follow in that location theory and have the government abstainfrom interference , some of the smaller businesses would quickly be closed down .I think that a great many monopolies would be c reated and we would have the railroad barons problem that we had in the 20th century . I feel that thegovernment is hindering at many times , and in time they seem to be helpful insome areas .The business that I chose to depict was the custodial division at ChicoState University . Both of my parents work there so I chose this area of