Economic activity is simply the daily work of mankind , performed to acquire what mankind needs and wants. The billions of human beings who inhabit the earth , all need food , clothing and shelter to sustain life , and typically desire a host of extras in order to live comfortably and agreeably. By utilizing the earth’s resources they are able to fulfill these needs and wants.
The earth nourishes animals whose flesh can be eaten , and whose hides can be used for clothing. It yields up edible fruits , vegtables and grains and plants which can be fashioned into clothing: it harbors minerals and supports forests which can be fabricated into building for man’s shelter and into an infinite diversity of other things for his use as well.
This bounty of nature does not exist in convenient places , and in forms ready made to fit human needs and wants; it is raw , unformed , hidden in the bowels of the earth. in the depths of the seas; and profuse resources in nature resources of nature must be laborously drawn from where they occur. Man’s economic activity consists of the application of brains and energy to obtain the products he needs and desires.
Forex Learn
Sphere: Related Content
Leave a comment
Trackback URL for this entry | Commentfeed