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It would be a universal boon if every man and all members of the market society would always foresee future conditions correctly and in time and act accordingly. However, man is not omniscient. It is wrong to look at these problems from the point of view of resentment and envy. ... The entrepreneurial function,
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www.thefreemanonline.org/columns/profit-and-loss-2/
www.thefreemanonline.org/columns/profit-and-loss-2/
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16. The economic function of profits and losses from society's point of view is to a. reallocate resources from less-desired to more-desired uses. b. equalize income distribution. c. generate price stability. d. bring about full employment.
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www.neiu.edu/~shrothst/micex1.txt
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But it is not the capital employed that creates profits and losses. ... Whatever is undertaken to curtail or to confiscate profits impairs this function. The result of such measures is to loosen the grip the consumers hold over the course of production. The economic machine becomes, from the point of view of the people,
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there isn't much good, or point, in giving everybody a good or service if the quality is sacrificed. ... The end result is that everyone is insured, but society as a whole loses even more than it would under the status quo. The goal should be ... From society's point of view the economic function of profits and losses is to:?
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answers.yahoo.com/question/index?qid=20071128140546AAVu...
answers.yahoo.com/question/index?qid=20071128140546AAVuNpt
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Legacy Profits; By Gregg Shotwell ... Meanwhile, the bipartisan capitalist government has been doing its best to soften the impact of the crisis on the rich and powerful, in the vain hope that by absorbing billions and trillions of dollar-losses by banking and industrial capitalists, ... And at this point in time, the only way...
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www.socialistviewpoint.org/
www.socialistviewpoint.org/
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It is much more profitable for those of us in the Marxist tradition to concentrate on social and economic phenomena. In that context, ... The Nazis promoted the view that the class struggle in the city could be overcome by returning to the villages and developing artisan and agricultural economies based on cooperation.
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www.socialistviewpoint.org/mar_04/mar_04_19.html
www.socialistviewpoint.org/mar_04/mar_04_19.html
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As China becomes a world leader, it must transform itself into a more open society that the rest of the world is willing to accept as a world leader. ... The right answer is: since the government gets all the profits from a central bank anyway, there's no point in giving the government the assets; that owning assets lets...
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economistsview.typepad.com/economistsview/
economistsview.typepad.com/economistsview/
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On the immediate future there is a broad consensus on this point at least: 2009 will be one of the worst years the world economy has known. 2010 could see ... The OECD devotes a good part of its recent report on economic perspectives [2] to comparing the experiences of Sweden and Japan, ... Can the US model function as before?
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www.internationalviewpoint.org/spip.php?article1710
www.internationalviewpoint.org/spip.php?article1710
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32. From society's point of view the economic function of profits and losses is to: A) promote the equal distribution of real assets and wealth. B) achieve full employment and price level stability. C) contribute to a more equal distribution of income.
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www.coursehero.com/file/202653/CH4/
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