Sunday, March 8, 2015

Gracia Gilreath, Chapter 6, Question 6

In this chapter, I really enjoyed the passage that included an area of farmers in two separate scenarios. The first scenario being an area in which all farmers produced just enough to satisfy their own family needs. In this scenario, all have enough, but none are particularly well off because the area has essentially "no jobs." The second scenario being an area in which all farmers buy a plow from a new seller in town. The plow speeds up productivity, the farmers are all better off and so is the seller because now he has money to trade with other sellers. A job is created and this area is growing economically. The first scenario seems to be a situation in which everyone fends for themselves and stubbornness in apparent, however, in the second scenario the farmers seem to help each other receive more benefits. Ultimately, creating jobs stimulates the economy.

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