HTL 701 Lecture Notes - Lecture 2: Economic Planning, Teddy Bear, E-Commerce
20 Dec 2017
School
Department
Course
Professor
Document Summary
Not able to put up for sale. Value (economics: a measure of the benefit that may be gained from goods or service. Value (marketing: the difference between a customer"s evaluation of benefits and costs, ex. picking different brands of toothpastes or cars. Price is what you pay, value is what you get . Why you want it: i want a better lifestyle; more earning potential; to be the first in the family to get it etc. What you get from it: recognition by employer, family or peers; Source of value: feudalism land, capitalism production capacity, socialism work (participation, communism community (theoretical) Htl701 week 2a monday: monarchy, dictatorship (socialism, democracy. Early stages: industrial manufacturing & current stage: knowledge & info. Asset ownership: individuals, corporate or states could own it. Contribution: based on one"s assets and opportunities: did you have an idea (opportunity) like a car/automobile (cars replacing carriages)
