Preview

Explain Why Commercial Labor Norms

Satisfactory Essays
Open Document
Open Document
355 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Explain Why Commercial Labor Norms
Discuss why commercial labor norms are superior to subsistence labor norms when one needs to create wealth.

Creating wealth does not lie in the subsistent labor way of life. Subsistent labor norms encompass the simple fact that minimum expenditure of physical labor is the way to the good life while trying to produce just enough food to last until the next harvest through the control of land. Though, not always the smartest way to live life, many peasant farmers and villages would endure many years of hunger and hardship in order to just get by with minimal labor and to just preserve the aspects of subsistence labor norms.

Subsistence farming is self-sufficiency farming in which the focus is on just growing enough food to feed themselves


You May Also Find These Documents Helpful

  • Satisfactory Essays

    BUS 372 Entire Course

    • 647 Words
    • 3 Pages

    Profit Interest and Employee Interest. “Capitalism is directed towards the pursuit of profits and unions are directed towards the rights of workers.” Discuss how these opposing viewpoints can be advantageous, yet destructive, to the business community. Respond to at least two of your classmates’ postings.…

    • 647 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    As the economy grows, capitalist invests capital into production, which generates more capital. Capitalist can make more money by investing money in the production of goods. “The question is what is the human cost of turning money into more money?”…

    • 300 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    CH8 Study Guide

    • 407 Words
    • 2 Pages

    Subsistence Agriculture-production of food primarily for consumption by the farmer’s family practiced on small farms often in low-income economy areas…

    • 407 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    * Division of labor and the allocation of resources whithing the Latifunda as a way to self-sufficiency. “Oeconomicus”…

    • 912 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Seminar One Exercises

    • 897 Words
    • 3 Pages

    1. Research some economics concepts regarding the value of labor. How do the business cycles and the health of the economy affect the value of your labor? In terms of supply and demand, what are the optimal conditions in which to sell your labor? How might further education increase your mobility in the labor market (the value of your labor)?…

    • 897 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    Analyze the changes and continuities in labor systems between 1750-1914 in ONE of the following areas. In your analysis, be sure to discuss the cause of the changes and the reasons for the continuities…

    • 493 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Hernando DeSoto argues that it’s necessary for a capitalist economy to produce wealth by “the force that raises the productivity of labor and creates the wealth of nation” (DeSoto pg.5). In this text he explains, to produce the wealth of a capitalist economy, the nation would have to be productive on the labor that is being produced. It is also referring on how the nation can be productive on how the actions of the labor is being done. This allows the capitalist economy to rise for the nation, which produces the wealth for people. This would be the argument that the capitalist economy would produce wealth, by the owners of companies; would have to compete against each other, in the market on who would produce the best product and at good prices.…

    • 258 Words
    • 2 Pages
    Good Essays
  • Good Essays

    c. For whom to produce? 5. a. land: natural resources not created by humans; b. capital: the tools, equipment, machinery, and factories used in the production of goods and services; c. labor: people with all their efforts, abilities, and skills; d. entrepreneur: a risk-taker in search of profits who does something new with existing resources Chapter 1–3 1. trade-offs 2.…

    • 8248 Words
    • 33 Pages
    Good Essays
  • Good Essays

    Thematic Essay- Change

    • 499 Words
    • 2 Pages

    production of goods. People have over the years been forced to labor into their !…

    • 499 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Econ 101

    • 2747 Words
    • 11 Pages

    Joan robinson: “ the main reason to study econ is to avoid being fooled by it…

    • 2747 Words
    • 11 Pages
    Good Essays
  • Good Essays

    Dr Parenti Wealth

    • 816 Words
    • 4 Pages

    Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much higher consideration.” For decades economists and political theorists have been debating and justifying the widening income gap between the richest and the poorest in this country. Focusing on capital, what they own on paper according to government is not the way that we measure wealth in the world because ultimately having all the resources in the world that just sit there doing nothing doesn’t earn any…

    • 816 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Marx believes that to achieve the value of the work in the society, the first thing they need to do is abolish…

    • 482 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Industrialized Labor

    • 487 Words
    • 2 Pages

    With the advent of money, the equal acquisition of property through labor became distorted. In consenting to the use of money, men gave up on aspects of their natural rights. This led to the unequal accumulation of what was common; causing appropriation of goods through labor to go beyond what was necessary for sustenance, ultimately producing inequality in the ownership of private property.…

    • 487 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    On a general basis, wealth is an accumulation of physical entities which hold great importance to us. These entities are objects such as money, land, jewelries, gold, precious stones and so much more. It is also a means were by people grade themselves or attain superiority over others. Wealth comes with power, prestige, honor, and integrity. Wealth is a very important tool in a society and that is the very means of survival in today’s world. In Charles Darwin’s evolutionary theory, he speaks of “survival of the fittest”. In today’s modern world when fittest is mentioned it actually means wisest, more intelligent or brilliant or clever. Even the strongest in a society cannot attain power without wealth. What an irony but that is the situation of the world and now people are misusing this privilege. The unreasonable use of this opportunity is what is causing inequality in a society.…

    • 3659 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Statistics show that more than four (4) billion people live at the bottom of the economic pyramid called BOP that shows how wealth is distributed throughout the world and that BOP lives on less than $2/day. However, according to the book titled “The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits” written by C.K. Prahalad, we can eradicate poverty by making profits if we consider the interests of the BOP or poor consumer when offering products and/or services to them, which comes into play when we get the BOP involved, active, and informed. In the absence of the stated points above, we will always find ourselves increasing the level of poverty and reducing profits instead if care is not taken as BOP consumers get discourage, lack the finances to purchase goods and services offer them, feel cheated, etc… that this paper handles. Whereas if we follow Prahalad’s basic premise as mention above, we will find ourselves eradicating poverty and making more and more profits as the BOP consumer is made an enterprising consumer as was the case with rice farming and processing in Bamessing-Ndop where consumers got discourage and abandon their rice farmlands and even Ndop rice consumption and shifted to vegetable farming that was less expensive to cultivate and transport to the markets, but came back anxiously to rice farming when Prahalad’s advice was put into practice.…

    • 2486 Words
    • 10 Pages
    Powerful Essays

Related Topics