Black Money Business Jobs : Black economics

Discussion in 'Black Money Business Jobs' started by Shikamaru, May 6, 2012.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    How would you define economics for you?

    How would you define economics for the Nubian community?

    Something to keep in mind is that words can be defined and redefined to expand, constrict, or recreate.

    Here is a traditional definition of economics.
     
  2. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    Me i define it as a whole with what you have and what you have to give to live how the high cost outweights what
    you bring in and this makes the economic suck and for nubians it's worse because of the poor job rate in many
    communities as i look at it from the mainstream of who profit.
    I revisit economics from a investing view not many blacks able to buy into much likes of land / start a business
    invest in stocks own property because of the totality that affects it.....
    including unemployment, inflation, economic growth, and monetary and fiscal policy these things takes a band on
    blacks and within the communities which in most the value seem to decrease making our economy derail to it's
    lowest term........this just my view which could be totally wrong but this how i see it
     
  3. Asomfwaa

    Asomfwaa Well-Known Member MEMBER

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    Hotep Brother Shikamaru,

    I may be a bit different from you, in that I view economics in terms of 'productivity' not 'investment.'

    Though, if somehow I could make African people invest in one another--we'd be smooth sailing. :)

    I had some ideas as to how we could change our people into investors (in us.) But it requires more than I have.

    Nevertheless, on point, I defined economics as the facility through which we produce our goods.

    HTP
     
  4. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    One's viewpoint is one's viewpoint. How can it be wrong ?
    By they way, I agree with your view :).

    The high cost is due to inflation i.e more dollars chasing products.
    This, in effect, cheapens the value of labor which can be further exacerbated by low wages.

    As this continues ... labor and resources become much more valuable than the currency used in exchange for them.

    Here is one of many viewpoints that I have.

    We, as flesh and blood beings have needs such as food, water, shelter, etc.
    Food, water, and shelter are necessities. If we don't get these, in time our bodies will perish.

    If we don't have food; water; and shelter, we must either acquire these on our own or from others.
    If we have to negotiate with others for what we need, they have leverage over us that can be used to their benefit and our detriment.

    We are now in a weak negotiating position with regard to competition and negotiations

    First step: SECURE food, water, and shelter. THAT is THE first step in personal economics.
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Economics includes investing, productivity, goods and services, and much more. These are components or factors of economics. I would say that it is all based on productivity and growth which I believe is in agreement with your statement.

    Most typically, investment is for profit and not for social reasons.
     
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