help me

[king-of-nothing]

أما بالنسبة للسوق .... رح أعطيكي موضوع عن اليد الخفية (invisible hand’ ) اللي بتتحكم بالسوق (اللي هنين المستثمرين والمنتجين) وكيف المستهلك بيستهلك المواد وتأثيرها عالطبيعة

والتأثير على استخدام المواد اسمو Invisible elbow’

طبعا هاي الشغلات دراسها بعلم الاجتماع بالجامعة

King of Nothing

[king-of-nothing]

Introduction:
For each country there is an economic system controls it’s market and that system is supported by the business men, share holders and the government, some countries are strong and other countries are weak depends of what kind of economic strategy and how the share holders are running that strategy in running the economic system for the country.





Main Body:
The working of the markets and price mechanisms seem straightforward and also positive, but doesn’t come without unintended or unconsidered and negative consequences, which can also be well-known also willingly included in producing goods and profit. (The invisible elbow) of market forces, able to cause general ruin, as a counterpart (The invisible hand), bringing wealth and prosperity. Another term for (the invisible elbow) is externalities.
Externalities refer to differences between private costs and the benefits (incurred by the economic agents involved in the market transaction) the social costs and benefits (incurred by the other social agents not involved in a market transaction, along with the private costs and benefits), which means economic agents can't enjoy the full benefits of it, but also will not pay the full costs of their actions. Externalities can be positive such as (if flowers growing in one’s garden it give pleasure to neighbors and passers-by) or negatively (environmental damage or destruction as a by-product of resource extraction, deforestation or chemicals production) they are usually not experienced by the people who create them. Both producers and the consumers are involved in creating externalities. Customers are interested in saving money by buying desired items at lowest prices without wondering whether their choice contributes to the low-wage exploitation culture or air or water pollution in another country will anyone care. Producers are concerned about the creation of a huge profits while investing as little money and resources as possible as it needed, moving their production wherever they find no or basic environmental and work regulations. Markets don't consider what future wants or what the future needs generations or public goods, like water air, and exclude people with no or with a little money available.

These things must be controlled and monitored by the government because by time and in the future the industries field will knock down everything related to nature because the human need never end and the man will keep in requesting more and more, these issues can be fixed by:
- Extending private ownership by assigning property rights.
- Green taxes and subsides
- bringing private costs in line with social costs
History of Economic Thought is part of the economics and deals with the developments in the economy, in addition to that this part examines the ideas presented by scholars of the economy over time, like Adam Smith, Karl Marx, John Maynard Keynes, David Ricardo and others.
Social scientist think: if people live in a more environmentally friendly society, one in which people cared more about each other and about environment externalities might not be the problem that they are today.
What about the costs for the population and to their future generations?
Who is going to pay these costs?
How much it’s needed to pay?
How do we measure these costs of those environmental problems and will it impose on our future generations? ….

Conclusion:
In the end the selfishness within society must be kept under restraint and worked for the good of all when acting in a competitive market. Prices are often unrepresentative of the true value of goods and services. Thought true value of things derived from the amount of labour invested in them. Otherwise there is no real market solution for future generations.


King of Nothing

[king-of-nothing]

بظن بكيفي هيك

حظك حلو انو أنا ما بروح أي مكان بدون انترنت لإنو أنا قاعد مخيم بالبر والحياة سعيدة


حياااكم يا جماعة

King of Nothing