How it started the bill
that we know and what we use today? At
some point in the Middle Ages according to a history text book, which the role of paper
money in the economy, people started bringing their gold
to the goldsmiths' for safekeeping. Goldsmith
is then issued a receipt for the gold.
Monopoly problems appear to be important in economics. Monopoly may be difficult to control, partly because of the monopoly is often more efficient manner and is more widely known than any competitor, and partly because many of the industry can only support a single manufacturer. (Please note that the restaurant or newsagents only in a small town in this situation: Monopoly does not need much).
Labor, land, and capital in the call of factors of
production due to these factors provide a means by which goods and services
produced. Some
economists adding a fourth factor: the business (enterprise). This
is because the labor, land and capital alone will not produce anything unless
there is someone ready to buy and organize for action. People
who carry out this task we might think of as business people, technically known
as entrepreneurs (entrepreneurs). Entrepreneurial
activity is to utilize the factors of production.
After discussing the types of economic systems in which production is organized. What are the factors of production ? Now
let's see how the actual goods and services produced. Essence is clear [employment]. Nature
may provide the raw material, even some of the final product, but labor is
still needed to make it usable, although it was just a pick fruit from trees.
