PRESIDEnt?

Posted by admin | Filed under Other - Cultures & Groups | Jun 30, 2010 | Tags: , , | 3 Comments
mmkkk asked:


what if a women who was half black half hispanic who was also in a wheelchair was the president on the united states

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Nature and Scope of Economics

Posted by admin | Filed under Book Reviews | Jun 30, 2010 | Tags: , , | No Comments
Muhammad Waqas Nayyar asked:




Many writers of the early days defined economics as “a science of wealth”. Adam Smith commonly know as the father of modern economics, defined economics as “An enquiry into the nature and causes of wealth of nations.”

These definitions were defective because they gave much importance to wealth. As wealth is not everything, it only leads to achieve welfare of human. Therefore it is man an which is the aim all of the economic activities.

Professor Dr. Alfred Marshall was the first economist who gave a logical definition of economics. He defined economics as: “A study of mankind in ordinary business of life, it examine that part of individual and social actions which is closely related with attainment and use of material requisites”

CHARACTERISTICS OF DEFINITION:

This definition gave a new direction to the study of economics. Following are the important characteristics of definition.

1. A Social Science

This Definition makes economics a social science. It is a subject that is concerned with the people living in society. According to Marshall, as the behavior of human beings is not same all the time therefore principles of economics cannot be formulated like the laws of sciences. Further laws of economics are not as exact as the laws of natural sciences. For this reason it is a social science.

2. Study Of Man

Economics is related to man; therefore it is living subject. It discusses economic problems and behavior of man. According to Marshall it studies the behavior of man In ordinary business of life.

3. Wealth As A Means Of Material Well Being

According to Marshall, wealth is not the ultimate objective of human activities and therefore we do not study wealth, for the sake of wealth. Therefore according to this definition we study wealth as a source of attainment of material welfare.

4. Economics And Welfare

This definition makes economics a welfare oriented subject. We are concerned only with those economic activities which do not promote material welfare of human beings are out of the scope of economics.

5. Materiality

Marshal stresses upon the concept of “material requisite of well being”. Therefore according to this definition all economic activities resolve around the acquisition and use of material goods like food, clothing etc. because they increase welfare of human beings. On the other hand non-material requisites of human life like education, recreation are ignored.

6. Normative Outlook

According to this definition economics should take care of good and bad aspects of economic activities and therefore involve itself in “what should be and what should not be”. This is called normative aspect of economics.

CRITICISM

“Robbins and other many economists severely criticized this definition on following grounds.”

1. Limited To Material Welfare

This definition limits the subject of economics to material welfare of people. But the subject of economics is not limited to the study of material welfare of human beings. In reality both material and non material aspects of wellbeing are studies in economics.

2. Vague Concept of Welfare

The concept of welfare used in this definition is also not clear. The welfare of human beings is not limited to the attainment of material requisites. There are many other factors which affect the human welfare. Further the word “welfare” has different meaning for different persons and different societies. Therefore we cannot define economics using an unclear concept of welfare.

3. Limited Scope

This definition has made the scope of economics limited. Only those activities are studied in economics which are aimed at the attainment of material requisites of well being. Further it ignores the economic activities of a person not living in society. Attainment of non material requisites of human well being fall out of the scope of economics. This division of material and non material aspects of human welfare is not correct.

4. Economics And Welfare

According to Robbins the study of economic activities on the basis of welfare is not good. It is not the duty of an economist to pass verdict that what is conducive to welfare and what is not. Thus according to Robbins “Whatever Economics is concerned with, it is not concerned with causes of material welfare as such.

5. Moral Judgment

In this definition Marshall makes economics a subject which considers the right and wrong aspect of economic activities. According to Robbins economics in neutral as regards ends and it is not the function of an economist to pass moral judgments and say what is good and what is bad.

6. Unrealistic

This definition appears to be unrealistic as we analyze it critically. The unclear concept of welfare, the division of ends into material and non material, the stress on good and bad, the concept of man living in society etc. all these concepts put unnecessary restrictions and make the scope of economics limited. These ideas make the definition unrealistic.

CONCLUSION

Although this definition gave a new direction to the subject of economics but it had many weaknesses. Some of the faults of definition are discussed above. For these reasons this definition was replaced by other new definitions of economics.

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Bird house building what is the best wood to use for custom home design houses?

Posted by admin | Filed under Decorating & Remodeling | Jun 29, 2010 | Tags: , , | 2 Comments
notredameswimmer asked:


I am looking to build a custom bird house for my friend for a house warming gift (I know clever!). I want to have an exact match of the house. But i do not know what wood to use for the main of the house and the details?

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I want to buy a house, where to find listing house for sale in Boston?

Posted by admin | Filed under Other - Home & Garden | Jun 29, 2010 | Tags: , , | 3 Comments
Sunny asked:


I want to buy a house. Do you know where to find the listing of the house for sale in Boston, MA? I dont want go with the agent because they offer took my to the house that i dont like, so i want to see the house and area first and call the agent. PLEASE HELP! Thank very much!

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If President Obama lets up off the Socialism Agenda will very small companies have a chance to grow?

Posted by admin | Filed under Politics | Jun 28, 2010 | Tags: , , | 10 Comments
Jeffersons asked:


I’m investing in penny stocks right now in hopes that I can build some wealth in the future. LOL Sad but true. Anyway, is the Socialism pursued by President Obama limiting very small businesses from expanding and becoming successful in the future? In other words is President Obama preventing me from seeing dough in my penny stock investments?

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Does a mobile home need a cement pad to sit on?

Posted by admin | Filed under Decorating & Remodeling | Jun 28, 2010 | Tags: , , | 8 Comments
Deny_Zoo29 asked:


I am putting in a small 12′x60′ mobile home on the new property I just bought, to use as an office for my farm. Would I need to put a cement pad in for the home to sit on? Would it need to be the complete size of the mobile home i.e 12×60 or could I use smaller pads just where the wheels are going to sit?

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How can I get free housing grants or inexpensive house contractors?

Posted by admin | Filed under Decorating & Remodeling | Jun 28, 2010 | Tags: , , | 1 Comment
kaykay r asked:


My grandmother’s house is more than 50 years old and it is a small old wood house that really needs remodeling. The city wont let her rebuild on the property but she can remodel. Due to a car accident she is in a wheel chair and the house is not handicapped accessible at all. Alot of the wood is rotten and there are cracks and holes. Bascially the whole house needs to be fixed. She doesnt have the money for renovations or to pay high loans. I want to find housing grants for her or either an inexpensive contractor that maybe does payment plans or some sort.
Thanks

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How do you muffle your rain gutters?

Posted by admin | Filed under Do It Yourself (DIY) | Jun 27, 2010 | Tags: , | 7 Comments
rcracer882 asked:


We have metallic rain gutters that make pinging noises when it rains. Does anyone know the best way to muffle the noise so it is quietter at night?

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Blind Melon – No Rain

Posted by admin | Filed under Music | Jun 27, 2010 | Tags: , , | 25 Comments
emiamericarecords asked:


Blind Melon – No Rain Capitol USA (new release) (P) 2005 Capitol Records, Inc.. All rights reserved. Unauthorized reproduction is a violation of applicable laws.

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