Economics as the art of satisfying unlimited needs. Economics is the art of satisfying unlimited wants with limited resources. L. Peter. Could it be like this


Social Studies Essay:
Economics is the art of satisfying limitless 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 (the need for food, sleep, reproduction of their own kind, safe existence, etc.), and social, prestigious, spiritual (classification of human needs according to Maslow). 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 the organization of economic life in the state: a command-administrative economy and a market economy, 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 observation of economic life.
As you know, "father" 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.

Even if you have limited resources, you can start your own business.
To begin with, you need to think about and calculate everything. Let's decide what you do better than others. Suppose you make wonderful pancakes.
Then we decide where to get resources from. Your small business needs some products: flour, eggs and water. Flour can be purchased at wholesale market, eggs - from a friend who works in the sales department at the Ptenchik poultry farm. Water is always available.
But who will buy simple pancakes? So you need to make them with stuffing. I think that in the summer, going with the whole family to the forest for mushrooms and berries is not only less expensive than buying everything, but also interesting. Chicken fillet (meat) can be purchased at competitive prices at the same Ptenchik factory, and cheese, butter and cottage cheese can be purchased at the nearest dairy plant.
But for everything to go “like clockwork”, you need to have your own markets. You can set up points of sale in the market that is near your home, or sell ready-made frozen pancakes to restaurants, cafes and shops. You can also create a small website where everyone can order dishes and spring roll pies. I think such an offer will be in demand.
Here we are with you and traced the economy of a young company, its art to satisfy unlimited needs with the help of limited resources.

Social Studies Essay Example

"Economy is the art of satisfying unlimited wants with limited resources."

The problem of limited resources with ever-growing needs. The problem is relevant, because In today's world resources are getting scarcer.

I agree with him because, resources are limited in relation to the needs of the people, economics, using the discoveries of various sciences and the latest inventions, is able to solve this problem.

Resources are natural, material and human. Natural - the earth, its subsoil, flora and fauna, forest and water resources, air basin and climate. Material - capital, everything that is produced by man. Human - it's work and entrepreneurial ability. Together they allow the production of economic goods, which in the process of distribution will be consumed by a person.

Scientists are identifying fuel resources that are cheaper to produce and easily transportable, such as natural gas.

New energy-saving technologies and equipment save heat, fuel and electricity. Physicists have developed ways to convert thermal and atomic energy into electrical energy. Examples are thermal generators, power plants. Thanks to optoelectronics, solar energy is converted into electrical energy using a solar generator.

Examples of interchangeable and complementary resources are the production of bricks and concrete, cotton and synthetic fibers, coal and peat, and the invention of plastics.

In agriculture, two-disc seeders have become widely used, which make it possible to work with different crops, resource-saving sowing complexes, which allow obtaining high yields and at the same time restoring soil fertility.

Human resources can also wear out - “get old”, therefore there are refresher courses, they allow the employee to improve their knowledge, master new specialties, retrain,.

Of no small importance for the reasonable use of resources is the ability to choose which needs to satisfy first, comparing their usefulness, how to spend less resources on better satisfaction of human needs, i.e. rational consumption. These questions are addressed by economists.

Thus, I have proved that economics, in collaboration with scientists, can and do solve the problem of limited resources through joint efforts.

Economics is the art of satisfying unlimited needs with limited resources.
"Economy is the art of satisfying unlimited needs with limited resources"

Lauren Peter

I read the statement of the Canadian writer and thought. Is economics an art? Indeed, it is art.

The word "art" has many meanings. One of the meanings is an extremely developed skill in a particular area. And it is. After all, the economic activity of a society, enterprise, collective farm or state farm, the totality of relations that take shape in the system of production in this society, enterprise, the system of distribution, exchange, consumption cannot be carried out without a certain skill. So, of course, art.

Now let's talk about limitless needs. This topic is too broad. Take a small tourism business in a small town.

Human Resources enterprises are the main resources of each enterprise, the quality and effective use of which largely determine the results of the enterprise and its competitiveness.

Labor resources set in motion the material elements of production, create products of production, in our case, services, cost and profit.

The basis of personnel planning is the analysis of the enterprise's needs for personnel and the study of information about the productivity of employees, as well as the costs of their maintenance.

Due to the shortage of qualified labor force, personnel planning at any enterprise is the main one.

A small business that needs qualified personnel is reflected in the personnel and labor plan. Such a plan is needed in order to clearly define the following points:

The cost of maintaining staff is a significant part of the costs of the enterprise, which is included in the price of tourism services and affects the competitiveness of the enterprise;

The personnel of the enterprise is the most important factor, because the success of the enterprise as a whole depends on it. Therefore, each enterprise should develop and implement a personnel policy;

When implementing various innovative projects at the enterprise, in which a large number of employees are involved, their effectiveness depends on the coordinated efforts of the staff;

The labor collective must have an optimal gender, age and qualified structure;

Training and retraining of personnel, advanced training of employees of the enterprise;

Stimulation of labor;

Creation of favorable working and rest conditions for personnel;

Increasing labor productivity;

Optimization of funds for the maintenance of employees, etc.

The enterprise creates a plan for labor, the number of personnel and wages.

It is obvious that staffing planning is part of the overall planning process in a small business. Ultimately, personnel planning will be successful when it is known how many employees, what qualifications are required, how to reduce

Or optimize the number of staff, how best to use staff in accordance with their abilities, skills, desires to work for the benefit of the enterprise.

Thus, as a result of the selection according to certain criteria, the quantitative and qualitative composition of the hired workers is established.

Now a natural question arises: how to meet such needs with limited resources? I remind you that the enterprise is located in a city with a small number of employees, there is no higher educational institution in the region where such personnel are trained. In addition, the company may not have a specialist capable of making the right choice when selecting personnel, because this often requires a multi-stage selection system, the use of various analytical and medical and psychological methods and tests that reveal whether applicants for the position meet the requirements that the company. After all, the selection of personnel is important, since the further activity of the enterprise largely depends on it, because only with qualified personnel can it achieve the best results.

Therefore, I agree with the statement of Lawrence Peter that economics is an art that is very interesting and useful, because it is aimed at creating planned actions that will be used to improve a person’s life, to better satisfy his needs and fulfill the tasks set.

Essay on social science on the topic "Economics is the art of satisfying unlimited needs"

The economy is based on relations for the production, distribution, exchange and consumption of goods and services. So writes about this kind of activity modern economic dictionary.

What are these goods and services? Any that a person wants and can consume! Cars and washing machines, a haircut at the barbershop or smelted metal, feminine charm training or a bag of tomatoes! In general, all the benefits that are needed for life.

Of course, the concept of “need” is relative. Humanity is able to live without cars, but it will not be possible to move at a speed of 120 km / h without them. And people have a desire to move around in this way, and accordingly, an economic need is created. The economy is the engine of social development, as Karl Marx wrote.

Human needs in modern economic theory are considered unlimited. They are constantly growing. After all, three hundred years ago, the stove was heated only with firewood, only the queen could afford a new dress every month, and imported fruits from overseas appeared only on the table of rich nobles. Today, each of us is surrounded by modern technology in homes, shops, boutiques, supermarkets. Demands have grown, including, not without the participation of advertising. People did not become happier because of this, since needs always grow faster than they are satisfied.

In general, the task of the economy is to satisfy the boundless needs of people. But here the second factor comes into play - the resources of the planet are limited. Satisfaction one
etc.................

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. Resources are also mentioned in the quote, 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.

I was very interested in the phrase of the American writer L. Peter, which sounded like this: "Economy is the art of satisfying unlimited needs with limited resources." Let's try to analyze this statement. Centuries and eras have passed. The word "economy" acquired different meanings, but its essence remained the same, only the scope of this concept changed. Now, speaking of the economy, we have in mind not so much domestic as public, national and world economy. The economy is an economic system that ensures the satisfaction of the needs of people and society through the creation and use of the necessary vital goods. Economics is the science of the economy, the ways of conducting and managing it, the relations between people in the process of production and exchange of goods, the patterns of economic processes. Production processes have become incomparably more complex - one of the possible activities of an organization or individual aimed at creating the final product or service; mediation systems have improved - this is the provision of services by the subject (subjects) to two or more parties, while the subject (subjects) acts as a third party, and trade is the process of exchanging goods, services, values ​​​​and money. One thing has not changed - at the center of everything that happens, there are specific people with their needs, which are the engines of the development of civilizations. Need is an internal state of psychological or functional feeling of insufficiency of something and manifests itself depending on situational factors. It is the needs at all times that have forced people to travel great distances in search of new lands and markets, to explore uncharted territories. It is the needs that have been and remain the main stimulus for the development of science, technology and production, thereby contributing to the flourishing of culture and education and raising the standard of living. Each of us strives to live as best we can. However, this is not so easy to do. Since ancient times, people have solved this problem in different ways. The needs of society in connection with the increase in the population, the acceleration of the scientific and technological process, the deepening of cultural ties and exchanges are constantly increasing and becoming almost limitless. On the contrary, economic opportunities - those real resources that society can direct to satisfy needs - are always, at any given moment, limited. Limited resources - economic concept, expressing the finiteness, rarity, scarcity of resources available to man and mankind at any given moment, their relative insufficiency in comparison with the unlimited human needs for which these resources are used. Society is constantly faced with the need to resolve this contradiction and the problem economic choice. This is the problem that economics, the science of choice, is trying to solve. There is a direct relationship between the state of the economy and the standard of living of the population. The standard of living is characterized by: Consumption per capita; Real income population; Housing provision; Social Security. The standard of living is the level of well-being of the population, the degree of satisfaction of the basic vital needs of people. In order for the standard of living to rise, constant economic growth is necessary (an increase in real output, an improvement in technical, economic and social characteristics). indicators economic growth are gross national product (GNP), gross domestic product (GDP), national income (NI). Gross National Product (GNP) - Summarizing economic indicator, defined as the sum of the market prices of all final goods and services, created by the producers of a given country during the year, both domestically and abroad. Gross domestic product (GDP) - A general economic indicator, defined as the sum of the market prices of all final goods and services, created by the producers of a given country during the year within the country. All this once again proves the correctness of the phrase of the American writer L. Peter, which sounded like this: "Economy is the art of satisfying unlimited needs with the help of limited resources."

L. Peter's statement points us to the main problem of the economy - the limited resources and the boundlessness of human needs. This problem is relevant for a person at all times and, of course, in our modern society.

L. Peter, in his statement, says that the resources available to mankind tend to run out, and human needs continue to grow at a rapid pace and must be satisfied. The science that studies this global problem and ways to resolve it, according to the author of the statement, is art. It is difficult to disagree with L.Peter's point of view. After all, resources must be used rationally, and not wait for their complete depletion. In order to discuss the meaning of the economy, I consider it necessary to recall the basic terms: an economic system is an economic system that ensures the satisfaction of the needs of people and society by creating and using the necessary vital goods; economics is the science of the ways of managing the economy, the patterns of the course of economic processes; good is what is useful for a person, satisfies his needs; goods are free and economic; limited resources are those benefits that are used to create services and products that meet human needs. There are various types of resources: land, information, labor, entrepreneurial ability, capital.

To confirm the above, let's turn to history. During the existence of the state of the USSR, the country's economy was based on Agriculture, it was due to its active development that our country occupied a leading position in the economic rating. Then the main resource was labor abilities of people. At present, the main sources of supplying our country with the necessary means are Natural resources: gas and oil. Russia's top economists are trying to figure out exactly how to use these limited resources rationally, but still, scientists provide evidence that oil and gas will soon become depleted and then we will have to look for new ways to provide the country's economy.

The original cause disabilities to meet needs is limited income. Works from Russian fiction can serve as confirmation of this. In Goncharov's novel Oblomov, Ilya Ilyich inherited an estate with working peasants and a certain amount of money from his parents. His income was stable, but due to his laziness and inability to manage the household, Oblomov exhausted the available resources and brought the estate to a loss, which now only took money for its maintenance, without bringing anything in return.