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ECONOMICS

Your photo here.



Market system?
"Under capitalism, man exploits man. Under communism, it's just the opposite."
-John Kenneth Galbraith

economist talking



Globalisation LINKS the world

09S6F!
09s61 (ECONS)
09S65 (ECONS)
09S7e (ECONS)

Archives, Go back in time

March 2009
May 2009

thank you.


Sunday, May 10, 2009

This is about the issue of drugs in USA. Drugs is considered a demerit good as the US govt deems it socially undesirable (ILLEGAL) as it imposes much EMC EMC EMC.

In the vid, it tells us that by locking up drug addicts, there is SMC = PMC + EMC as "you never know if the future scientist/artist/etc might be one of those addicts."


-Amanda


♥ 12:32 PM