Last Updated 27 Jul 2020

Economic Patterns

Category economics
Essay type Research
Words 389 (1 pages)
Views 194

Economic patterns over time are essential for understanding these changes, the two assumptions are " that more is preferable to less", and that the " desire for more can ever be satisfied". The assumption that more is preferable to less, can be explained in many different ways when is comes to economics. One way to measure this assumption is to look at the growth in many different aspects. The economic growth due to technology is one aspect of growth.

An example is "During the long century between the end of the Civil War and the sass, US capitalism experienced a steady expansion fueled by the Introduction of new technologies. The resultant rising levels of production and productively allowed capitalists to raise wages consistently while malignantly profits. Although this growth did not occur without some blips ? notably the several mall crashes of the late sass and the Great Depression ? it was nonetheless prolonged.

Built into this prolonged growth was the idea of American Exceptionalness: the notion that the USA as a unique nation where upward and onward for all would forever continue, and also the idea of The American Dream (a house, a car or cars, and ever expanding consumption) as every American's birthright" (http://econometricians. Org/ content/root-causes-today's-economic-crisis-and-why-its-not-going-away).

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I think in terms of the concept of growth, there data can be supported by the change, "If Loathsomely Is correct, then there should also be statistical data to support rapidly changing Societal Values, especially in the 20th century united States as the world's largest economy and largest possessor of Technological Wherewithal ". (http:// YMMV. Defibrillator. Com/understanding+the+root+causes+of+change+and+the -a01961 67433). This is one of the assumptions that are apparent to the model, but there are other factors in the model that these changes are related to the variance.

The second assumption to economics in relation to Loathsomely is that " the desire for more can never be satisfied". This can be looked at in many different ways. One way we can look at this assumption is by looking at how non- renewable resources support that economic point of view. Along with population growth, comes a demand for more resources. One example of this non-renewable resource is oil consumption. "The continuing increase in the price of oil, driven by supply constraints and growing demand Influence other commodity prices. Remaining known OLL reserves are close to reaching peak production.

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Economic Patterns. (2018, Jun 05). Retrieved from https://phdessay.com/management-13/

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