Economics is the art of satisfying limitless needs with limited resources." Lawrence Peter (1926-1989), American writer.
For this essay, I chose the statement of the famous American writer Lawrence Peter that “economics is the art of satisfying unlimited needs with limited resources”
In my opinion, the meaning of this statement is that main task and the purpose of the economy is to meet the growing needs of man, while using the limited wealth of our planet.
I agree with this statement, because the essence of the economy is to save Natural resources but satisfy human needs.
In order to fully reveal the meaning of the statement, let's turn to the terms. The term "economics" has two meanings: economics as a science and economics as an economy. The economy as an economy is a management system that includes industries material production and non-material sphere, providing society with material and non-material benefits. economic science but explores how people in a resource-limited environment meet ever-increasing needs, which is what Peter talks about in his statement. In turn, the need is the need for something to maintain and develop the life of the individual and society as a whole. In addition, the statement refers to resources, and resources (in the language of economists - economic benefits) are the means necessary to meet the needs of people and are available to society in a limited amount. Allocate time resources labor resources, Natural resources, financial resources, various tools. So, the growing needs of man must be satisfied, which is what the economy does. To this end, various types economic systems: command-administrative, market, traditional and mixed. Each of these types has its pros and cons, but each of them satisfies the most important needs of people.
However, these systems are not always able to meet the needs of people. Let us confirm this statement by giving an example from the history of our country. Thus, the entire twentieth century in our country was dominated by a totalitarian political regime with command economy. Often on the shelves in the store one could find the absence of many goods, for example, red caviar, but an abundance of other products: canned food, stews, etc. As a result, people could not fully satisfy their needs.
In today's renewed Russia, a mixed type of economic system dominates, which allows a person to fully satisfy his needs. Science is actively developing, looking for new ways to produce limited resources. Today, everyone can just go to the nearest supermarket and buy everything they need there. That is, the main goal of the economy, its main task, which Peter spoke about, has been achieved.
Thus, I am again ready to agree with Peter’s statement, because especially in a modern developed society, it is necessary to satisfy the needs of people, thereby “adjusting” a fertile ground for their development, so that they can find new ways to solve the problem of limited world resources.
L. Peter compares the economy with art, since the ability to satisfy unlimited human needs with limited resources is a real art.
It is difficult to disagree with this point of view. Needs, that is, the perceived need of a person for something, for what he needs in order to maintain the vital activity of the organism and develop his personality, are constantly growing. However, it is impossible to satisfy absolutely all human needs, since the resources, that is, the factors used to produce goods and services, are limited. The purpose of economics, seen as a science, is precisely to investigate what a person needs to do to satisfy unlimited needs using resources that have a limit. Since this is quite difficult to implement, economics can be compared to art.
To confirm this position, we will give an example from public life. Recently, energy-saving light bulbs have become popular. Thanks to the use of these lamps, in comparison with classic lamps, there is an energy saving, which is one of the limited resources. Thanks to energy-saving light bulbs, about 80 percent of electricity is saved. Moreover, the cost of energy-saving lamps is not very different from the cost of classic lamps. The creation of such light bulbs in 1985 was a real revolutionary decision. Such an invention is an example of the art of economy, to which people have been going for several centuries. This example shows that when natural resources alone to meet human needs run out, people find new way. And the ability to find new ways to meet human needs is a true art.
Another fact can be found in Russian literature. From the point of view of economics, one can consider the story of N.V. Gogol's "Overcoat". Initially, whose overcoat had deteriorated, he wanted to repair it slightly. Then he began to think about a new overcoat, increasing his requests. N.V. Gogol demonstrates that Bashmachkin's needs increased due to the fact that it was no longer possible to walk in the old overcoat along the cold streets. To sew a new overcoat, Bashmachkin had to have financial resources. Then the main character had to save and strengthen his own strength every day so that the boss raised his wages. The actions of Bashmachkin, who did everything to get his new overcoat, suggest that satisfying your needs with very limited resources is a real art.
Based on the above theoretical provisions and factual material, it can be said that economics is considered a complex science that teaches how, with the help of limited means, nothing can be satisfied. limited needs. Economics is a whole art, the ability to which is not given to everyone.
0 of 6The meaning of this statement is that the main task of the economy as economic activity is to meet the unlimited needs of people in conditions of limited resources.
It is impossible not to agree with this statement, since this task is incredibly difficult and its implementation is really an art.
Consider this statement from the point of view economic theory. Economics can be regarded as a science and as the economy of a separate country. As a science, it considers economic systems and the creation of economic resources. Economic resources, in turn, are what is used in the creation of goods and services. These resources are limited. They may or may not be reproducible, but resources are limited anyway. It is management economic resources and their distribution in the production of services and goods may be the art of economics.
Let me give you an example from history. In the twentieth century, there was a terrible shortage in our country.
Goods were in short supply due to the direction of the economy towards heavy industry. This has led to underdevelopment light industry, and, consequently, the lack of goods. However, people had needs that could not be met with a lack of resources.
Another example is a forecast from public life. Today one of the most demanded resources can be considered oil. It is needed to launch rockets, create electricity and make various materials. There are several countries that are actively selling oil and pumping huge volumes from the bowels of the Earth. However, sooner or later it will end, which will lead to terrible consequences, up to the global crisis.
Thus, economics is indeed a very complex art that is necessary for the existence of society.
Updated: 2017-12-08
Expert assessment:
According to the criteria for evaluating task No. 29. Demo 2020
29.1 The meaning of the statement is not disclosed - (0 points)
The highlighted idea, the formulated thesis do not reflect the meaning of the statement / the meaning of the statement was replaced by general reasoning (“homemade”) that does not reflect the specifics of the proposed statement.
It could be so.
We will reveal the meaning of this statement by considering the essence of economics as a science that answers the question of what, how, how much and for whom to produce in conditions of limited resources and constantly growing needs of people. Let's answer the question why, despite the improvement of technology, modern economy cannot satisfy the needs of all, why is “everything for all” not enough. And also consider what type of economic system is most fully capable of the “art” of satisfying unlimited needs. The author of this essay was supposed to show how economics as an economy differs from economics as a science. Point out that as some needs are met, others, more complex and costly, arise. It is the market and mixed types of economic systems that contain mechanisms (competition, supply and demand) that can most fully and effectively satisfy these growing needs.
Everything else - both theory and examples / facts should serve to reveal this idea.
Grading guide: if criterion 29.1 scores 0, then all other evaluation criteria score 0
Total: 0 points
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Social Studies Essay:
"Economics is the art of satisfying unlimited needs with limited resources." L. Peter
Recently, the word “economy” has been heard by absolutely every person, even the most ignorant in this area, since for the most part it is on it that our standard of living, our well-being now depends. At all times, various scientists and thinkers have devoted almost their entire lives to the study of economics and its issues. As a result of this, even more questions appeared, since the economy itself is a very controversial phenomenon. Even the ancient philosopher Aristotle in the 4th century BC said that economics is the art of housekeeping. And already at the beginning of the 20th century, the American writer L. Peter (1919-1989) called the economy the art of satisfying unlimited needs with the help of limited resources. I completely agree with this statement, but first, to argue my point of view, I want to clarify that needs are what a person needs, and resources are all kinds of means to satisfy human needs.
So, economics is really the art of satisfying human needs. This is one of the four pillars on which society rests. The economy, like other spheres of public life, interacts with politics, sociology, and culture. She goes wherever her help is needed. But it is impossible not to say that for the sake of satisfying whose needs the economy exists - a person. This biosocial being has a number of needs, both biological: physiological and existential (need for food, sleep, reproduction of one's own kind, safe existence, etc.), and social, prestigious, spiritual (Maslow's classification of human needs). Sometimes the number of human needs is much greater than its capabilities. This is where economics comes to the rescue. It is known that all resources in this world are limited, except for the light of the sun, the power of the wind, the energy of rivers. And it is the economy that can satisfy all human needs in this situation.
In addition, to meet human needs today there are at least two approaches to organizing economic life in the state: command-administrative economy and market, i.e. an economy dominated by private ownership, competition, and free pricing. In the first case, the state not only controls all economic processes occurring within it, but also spontaneously intervenes in them, dictating its own rules. In the second, the role of the state is minimal. It consists only in the control and supervision of economic life.
As you know, the "father" of the market economy is the Scottish economist Adam Smith. It was he who first identified the main principles of a market economy - what, how, for whom? It is also necessary to say about what ensures the normal existence and functioning of such an economic system - competition. As a rule, by this word we understand the economic rivalry of participants in human economic activity for achieving the best results. It is this “invisible hand of the market” that maintains a kind of balance in the economy.
In conclusion, I want to say that now the economy is indeed one of the leading spheres of public life, but this does not mean at all that all the rest have faded into the background. Still, the economic crisis is not a hindrance to the existence of all life in this world.
Knyazeva Anna, 11th historical class.
In this phrase, L. Peter touches upon the problem of the contradiction between limited resources and endlessly growing human needs.
The meaning of this statement is that one of the main goals of the economy is to satisfy the unlimited and ever-growing needs of people, while using limited resources. In such scenarios, the economy is really an art.
I fully agree with this statement of L. Peter, because every year people have more needs, and in the meantime, there are fewer resources.
Economics can be viewed from two sides: as a science and as an economy. Economics as a science studies how to meet the needs of people with the least possible amount of resources, which is what Lawrence Peter says. The economy as an economy is a system that ensures the satisfaction of needs through production, exchange, distribution and consumption. A need is a feeling of lack of something. The quote also touches on resources, a resource is a measure of the possibility of doing something. To solve the problem that this quote touches on, various economic systems are created.
These systems do not always work correctly. In the 20th century, the following situation could be observed in our country: there was an excess of some goods, while others were in short supply. As a result, people cannot fully satisfy their needs. To prevent this situation from happening again, manufacturers must constantly “monitor” the market and keep track of which products are in demand, and which ones, on the contrary, have cooled off the interest of buyers.
Thus, we can conclude that L. Peter is right, and the economy is really the art of providing people with the necessary things with limited opportunities and resources.
