21 Matching Annotations
  1. Jun 2019
    1. inequality of exchange

      goods may be of equal value in the market place but are not equal in the minds of the traders.

    2. Bible

      the Christian scriptures, consisting of the Old and New Testaments.

    3. money

      a medium of exchange

    4. scarce

      not abundant.

    5. conditions

      the state of something with regards to its quality or appearance.

    6. the doctrine of sunk costs

      when you choose to evaluate the value of an item based on what they can do for you in the future no matter how much value they cost originally.

    7. subjective.

      based on or influenced by personal feelings, tastes, or opinions.

    8. sophisticated

      having a great deal of experience or knowledge on given subjects.

    9. valuable

      extremely useful or important.

    10. malnutrition

      the state of not having enough nutrition due to lack of food to eat.

    11. priorities

      condition of being regarded or treated as more important.

    12. division of labor

      assigning different tasks to people to improve efficiency.

    13. Robinson Crusoe.

      A book made by Daniel Dafoe.

    14. alternatives

      one of two or more available possibilities.

    15. principles

      a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

    16. economists

      An economist is a practitioner in the social science discipline of economics.

    17. illiterate

      unable to read or write.

    18. specialis

      a person who concentrates primarily on a particular subject.

    19. study

      the act of learning

    20. defied

      to resist.

    21. inf lationary economy

      Increase in price of goods and services.