Week #9 Commentary
a.
It is interesting that cigarette beccomes the standard currency, people trade things with the price of amount of cigarettes.
It is not interesting that the trading system is most advanced in Germany.
It is pretty interesting that people only trade with low quality cigarettes, there are no famous cigarettes in trading.
b.
Why is cigarette the most common currency in the trading system?
Why can bully marks replace the cigarette instead of other currency?
How to solve the problem of disorder of market economy?
c.
The passage talks about the economic organization in camp. At first the trading scale is very small, people use barter system. Later on, the cigarette becomes the official currency for trading, the price of a thing will be the amount of cigarettes. Cigarettes act all the same function as metal currency and it also has shortcoming, for example, it is easy to break. But people never use high quality cigarette to trade, that is why there is no famous cigarette appeared in the market. The price will change somehow, the most important and obvious factor is the periodical inflation and deflation. The normal price is also effected by the new people who are starved. Later on, the bully marks become another currency which can replace the cigarette. Later on as the decreasing in distribution and the deflation, the price goes down and later it becomes even worse. At last, the system is chaos instead of regular. Economics is considered as a study to distribute finite resouces in infinite competition. That proves: when there is infinite resources, economic organization and activity are superfluous, because every demand can be satisfied easily.
It is interesting that cigarette beccomes the standard currency, people trade things with the price of amount of cigarettes.
It is not interesting that the trading system is most advanced in Germany.
It is pretty interesting that people only trade with low quality cigarettes, there are no famous cigarettes in trading.
b.
Why is cigarette the most common currency in the trading system?
Why can bully marks replace the cigarette instead of other currency?
How to solve the problem of disorder of market economy?
c.
The passage talks about the economic organization in camp. At first the trading scale is very small, people use barter system. Later on, the cigarette becomes the official currency for trading, the price of a thing will be the amount of cigarettes. Cigarettes act all the same function as metal currency and it also has shortcoming, for example, it is easy to break. But people never use high quality cigarette to trade, that is why there is no famous cigarette appeared in the market. The price will change somehow, the most important and obvious factor is the periodical inflation and deflation. The normal price is also effected by the new people who are starved. Later on, the bully marks become another currency which can replace the cigarette. Later on as the decreasing in distribution and the deflation, the price goes down and later it becomes even worse. At last, the system is chaos instead of regular. Economics is considered as a study to distribute finite resouces in infinite competition. That proves: when there is infinite resources, economic organization and activity are superfluous, because every demand can be satisfied easily.
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