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Bus 1050, Week 3/4 Notes

by: sophia_hella

Bus 1050, Week 3/4 Notes BUS 1050

Marketplace > University of Utah > BUS 1050 > Bus 1050 Week 3 4 Notes
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About this Document

Zero-sum gain, community good, religion/church influence, wealth, corporate responsibility
Business Foundations
Class Notes
business, Marketing
25 ?




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This 1 page Class Notes was uploaded by sophia_hella on Monday September 12, 2016. The Class Notes belongs to BUS 1050 at University of Utah taught by in Fall 2016. Since its upload, it has received 25 views.


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Date Created: 09/12/16
Monday, September 12, 2016 Bus 1050: Week 3/4 Community - City - ‘polis’ - Specialization of Skills —> make money • Products/service • Commerce - Consumption (buying) • Merchant —> Retail Household & Art of Money - Natural/Moral - Immoral - Part of our ‘ethos’ Production/Consumption - Golden Mean 
 Laissez-fair ======= Government (variety of goods) - Large Production - More Supply - More availability The Cycle of Self Interest 1. Comparative Advantage 2. Free Trade 3. Division of Labor 4. Invisible Hand Self Interest —> Production —> Consumption —> Wealth 1


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