Crash-Course: Econ 1

Define gross domestic product, distinguish it from standard of living, and identify several factors used to measure standard of living.
GDP is the amount of income of an entire region, gross meaning in this case a nation's income at large, domestic referring to national boundary, and product being the created wealth.

Standard of living is the socially and generally accepted quality of living a group of people expect within their society. In discerning a difference between what is needed and what is desired, the standard of living is generally described as an acceptable level of monetary income.

The standard of living fits into the spectrum of acquisition between desire and asceticism.

Outline some specific actions to take if you are a victim of cyberstalking.

Write a letter asking the criminal to stop, document the stalking, call the cops, buy your wife a gun.

Define productivity and discuss the relationship between IT investment and productivity growth.

Productivity: The amount of output produced per unit of input.

If IT investment increases efficiency, the result is multiplied to some extent by the productivity of IT staff.

Define the term social network advertising and briefly discuss several social network advertising strategies.

Social Network Advertising: Advertising using social networks to communicate and promote the benefits of products and services.

Show the product thru all the outlets possible, for as cheaply as possible, to maximize return of investment.

Nothing Tangible Is Worthless

Assignment Question:
For the average worker, does higher productivity result in higher wages? Clearly, higher wages means a higher standard of living. Is there a relationship between GDP and the average earnings of workers? Discuss the advantages and disadvantages of teleworking for employees.

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Productivity creates wages, wages create jobs, mandating jobs for the single goal of production do not create wages. Growing production lowers the value commodities, which serves the purpose of progress for social enterprises, but offers levels of artificial subsidized activity, often known as an industrial complex. A system of market commodity values that balance in direct conjunction with wages duly of productivity, commonly referred to as capitalism, is what survives.

Wages increase with the advent of profit from market activity in this regard, not from mere productivity despite the privatized outliers. In which private property, for instance private-sector corporate ownership, is the only effectively true form of worker-owned institutions, by means of their production leverage. This in regards to GDP only holds leverage while consumers (and likewise workers) are allowed to have capitalism, balanced by business being able to set the price (fairly in regards to anti-trust laws), balanced by absence of both subsidy and over-taxation of any income level ultimately leading to currency inflation, which further creates wage detriment. 

Teleworking is flexible and limiting. Distances closed by teleworking increase efficiency and thus the related activities, but is different to open human interaction, which by any aspect is communication that is susceptible to losses in translation opposed to physical work environments, and the aptitude available of teleworking when responses to activities either cannot be done or are impeded by static limitations.

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