God's Definition of Economics
Posted: Mon Jun 08, 2015 1:50 pm
Economics is the allocation of property and labor.
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The study of scarcity refers to your lack of acumen. Everything in economics is subsidiary to property and labor. You have natural property and manufactured property. This is the clay of economics that is worked and reworked by labor.Dalek Prime wrote:Study of scarcity, and the distribution of scarce resources. Property is a legal term. Labour is a resource.