The Price of Progress How Much Are We Willing to Pay

The Price of Progress: How Much are We Willing to Pay? In this day and age, various terms associated with economic development came about as means of measuring the well-being of each individual in the society such as per capita income, gross domestic product (GDP), gross national product (GNP), unemployment rate, literacy rate, and many more. The emergence of these terminologies is due to the consideration of government planners of each nation to make a step forward to reach economic development. Of course, compromises should be done in order to acquire the advantages brought about by the ideology of progress. But if you will come to think of it, what is the price to achieve them and how much are we willing to pay? The government†¦show more content†¦These effects are suffered by the tribal people upon forcefully taking part in the world-economy market. Their state of self-sufficiency vanished along with the changes to take the step â€Å"forward†. Also, the present society having higher rates of malnutrition and crime, and depleting natural resources shows a lowered standard of living since these problems did not exist before. However, this argument can be viewed in which these problems might already be occurring a long time ago but it is not noted since there are no records or methods devised to acquire the necessary information. It is difficult to verify this claim because of the lack of information. Another argument presented is that economic development increases the occurrence of diseases by the sudden vulnerability of people to different kinds of bodily diseases, traditional environmental diseases, and poverty diseases. These are evident in the society that could have their roots from the deterioration of natural resources because of pollution that can greatly affect the health conditions of the people. It is sad to say that the drastic changes happening holds true in almost every nation. It is common knowledge that some human activities are contributors to the increased pollution in the society such as the production in the factories, kaingin system, and many more. The genetic adaptations or resistance of the traditional populations are altered due to theShow MoreRelatedThe Main Elements Of Economics925 Words   |  4 Pagessuch thing as a free lunch.† The author described how spending money on one particular thing means that we are sacrificing the chance to spend money on something else or if we do one specific thing, we give up the chance to do something else. In chapter nine, Schiff used an allegory to illustrate this same idea. The allegory he used was when the senator, Franky Deep, realized the people enjoyed getting things for free, but they did not like to pay taxes. After a monsoon, he took this as an opportunityRead MoreExamples Of Important Trade Offs1387 Words   |  6 Pageshomework. - To buy a new car or to save my money. 2. a) Economists make assumptions to simplify a complicated world to make it easier to understand and to focus our thinking to the importance of the problem. If we focus on what we are really looking for it will make coming up with a solution much easier. b) Economists sometimes offer conflicting advice to policy makers because each economist might have a different view on any situation depending on their religion, political view, etc. c) An economicRead MoreE-Commerce Shift Towards Personalization, Dynamic Pricing, and M-Commerce1655 Words   |  7 Pagesbandwidth, the movement from physical shops to online shops and the social acceptance and trust in using the internet for financial transactions. As the internet and E-Commerce become more integrated into our lives they continuingly drive changes in how we work and live as mentioned above. The future of E-Commerce promises to bring further changes in our lives as the internet continues to expand and it is these possible future shifts which I will discuss in further detail. The first shift which isRead MoreThe Rich Get Richer And Middle Class Gets Poorer1485 Words   |  6 Pagesphases through some minds because they just fail to realize the reality of how the government controls the country’s money. It is not a secret that you need money to make money. Although some may disagree with this statement, it sure does make it a lot easier. People who build up their savings and people who invest are all people that need money to make money. The amount of money you have is not so important compared to how long it actually took you to make that money. This is why people go to schoolRead MoreSwot Analysis Of General Motors Company1365 Words   |  6 Pages Jiefang and much more. GM’s primary markets are China and the U.S., GM.com: General Motors Company is passionate about earning customers for life. This vision unites us as a team and is the hallmark of our customer-driven culture. Strong leadership and belief in our corporate vision is central to our strength. Diversity is an integral part of our culture and success. GM is proud of our rich and innovative past, it’s a spirit that continues to push us to this day. We are committedRead MoreORGANIAZATIONAL MANAGEMENT final1472 Words   |  6 Pagesdetail the product, know the competitors, and distribution. Describing the market is to define the market and summarize the factories exist in marketing environment which might influence the customers. Detailing the product is to detail the products’ price, quantity of sale and profit. Knowing the competitors is to assess the competitors’ strategies and positions for their products. After that, assess recent tendency of product selling. The second main element of marketing plan is analyzing theRead MoreVision And Mission Statement : Ford s Vision Statement Essay1732 Words   |  7 PagesA. Vision and Mission Statements Ford’s vision statement is â€Å"We want to change how the world moves. Again.† This statement implies not only physical mobility, but also movement in human progress. When Alan Mullaly became new president and CEO in late 2006, Ford changed its strategy and that is reflected in their mission statement: â€Å"One Team. One Plan. One Goal. One Ford.† Each section of mission statement is further explained as follow: â€Å"One Team: People working together as a lean, global enterpriseRead MoreHow Can Feed The World?1248 Words   |  5 PagesHow to Feed the World What do you think this picture shows? It looks like a factory farm, right? As much as it may surprise you, this is what most free range farms look like. Before I explain the picture I want to ask you a question. Which sounds more concerning: a) more than 1.2 billion people live off under 50 pence a day or b) Africa uses less than 3% of the world’s energy, despite having 12.5% of the world’s population? Studies show that in the 1990s more than 3 billion people were sufferingRead MoreBombardier Case: Financial Analysis1347 Words   |  6 Pagespayable Accrued liabilities, Advances and progress billings in excess of related costs, Fractional ownership deferred revenues, and Deferred income taxes. The current ratio represents the company’s ability to pay its current liability using only its current assets . Bombardier’s current ratio is 1.05. This means that their current asset is only able to cover their current liability once. The quick ration represents the company’s ability to pay its current liability using its current assetRead MoreLending Money For A Home1151 Words   |  5 PagesBefore 2007 borrowing money for a home used to be extremely easy because loans were very easy to obtain from banks regardless of debt. Housing prices continued to increase because money was quickly accessible from banks. Too much money was too readily available. Every part of this financial lending fiasco culminated to a jarring decline from 2007-2008. At that time America suffered a financial crisis that some economists parallel to the Great Depression. Banks were unable to loan, the Stock Market