SOSC 1520 Lecture 1: SOSC 1520 Sept 19 Lec 1
20 Apr 2017
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Document Summary
Process of providing for the material well-being of society. The bigger and more complex the society and its needs, the greater the need for cooperation. 2008 major recession, recessions known as capitalism"s ultimate demise. Capitalism seems to always survive, some see it as the only solution for the economic problem. Capitalism is relatively new, few hundred years old, thus, most human history was not capitalist. Not having food to eat, place to stay, stable income. Most people don"t have to deal with this problem here in na. Poverty means that you don"t have enough to survive day to day, you need some sort of help to do it. The larger our community becomes, the more complex our economic problem becomes. Agreeing on one thing becomes more difficult. Division of labour (trade services/goods , or pay for the services) -> some want to go back to trading, but there are clear problems, such as value and different wants.
