In class Notes
In class Notes FER 403 Free Enterprise
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This 1 page Class Notes was uploaded by Samantha Bressler on Friday October 7, 2016. The Class Notes belongs to FER 403 Free Enterprise at College of the Ozarks taught by Mr. Gary Hiebsch in Fall 2016. Since its upload, it has received 17 views. For similar materials see Free Enterprise in Business Administration at College of the Ozarks.
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Date Created: 10/07/16
Economic Development: Economic Geography: Some areas develop because they have geographic advantage over other areas. Rednecks originated from British Isles and Scotland. There has to be some degree of order in a Free Enterprise Trustworthy and working employees who practice discipline All work is holy within certain bounds. Book of 1 Samuel: people want a king and he says "what have I done to make you want a king? Kings will take your land and children." Kings like to tax and manage people's property. Kings take stuff to make monuments for themselves. The government does not produce anything. They can defend but not produce something. Human Capital: Human beings are a resource. And when trained they can become quite valuable. Human beings are creative. Mishpat vs Tzedakah: Mishpat: the notion of the rule of law and justice. Getting what you deserve. Tzedakah: charity and justice at the same time. Charity should recognize the full dignity of another human being and should not harm the person. Work allows you to be independent. If charity is not done well it can make you feel like you can not do it.
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