Core economics is about the exchange of goods and services to meet human needs. It is a basic human activity and occurred long before there were economists and economic theories. Exchanges occurred because they benefited both parties, and did so without advertising, stock exchanges or global corporations. Exchanges of tools and raw materials between regions occurred even before agriculture emerged. Exchanges contributed to survival for some groups, as well as to “luxuries,” enriching life both literally and figuratively.1 Modern economic activities are of course much more complex and formalized, but the basic activity is simple, essential and virtually universal … continue reading
originally posted by new earth media blog / sharing sustainable solutions
