Where do Profits come from?

Economics: Lesson 135 How can profit arise in a free market economy if every factor of production is paid what it is worth to customers? The Free market competition pays all factors of production what the customers determine. The customers are in authority because they have the money. So if everything is paid what it … Continue reading Where do Profits come from?

How to make Tea | Not a single person knows

Economics: Lesson 130 Write about the division of labor required to create a simple household tool besides a pencil. This assignment may sound simple, but I found it very hard to quickly find a simple item to describe the division of labour. I finally decided to choose an item right in front of my face. … Continue reading How to make Tea | Not a single person knows

Honest Money and the Economic Laws of the Bible

"Does a national government need to issue its own money in order to secure honest money?" What is Honest Money? To even begin to answer this question we have to understand what honest money is. Money is described as the most marketable commodity, and the origin of money was determined by the people and market. … Continue reading Honest Money and the Economic Laws of the Bible