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Read through the most famous quotes by topic #economic
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches. ↗
My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table. ↗
To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance. ↗
#human #human-behavior #mind #motivation #wok
Farms and ranches contend with much more than quarterly reports and profit margins - the weather can wreak havoc on their quality of life and economic viability. When natural disasters strike, we must do all we can to assist the backbone of our economy. ↗
Economic prosperity and quality education for our children are inexorably linked. ↗
#economic #economic prosperity #education #inexorably #linked
