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  • historywithted - Teddy Payne Historian @historywithted 2 days ago
  • Supply Warehouse
The #divisionoflabor leads to a situation where people specialize in #trades and conduct #exchanges to acquire what they want. From this perspective we can see that the #economy can function as a “#SupplyWarehouse” and all of the goods in the economy are stored in this supply warehouse. Whenever something is produced it is brought to the front counter of the supply warehouse and stored. Whenever you want to consume something you sign it out and go. With the division of labor we are all producing different products and bringing them all to the supply warehouse. Here is the conflict with the supply warehouse the stuff coming out of the supply warehouse has to be equal to what is coming into the supply warehouse. Through a Macroeconomic lens looking at the economy as a whole we need to have some kind of linkage between what people bring to the supply warehouse and what they take out of the supply warehouse. In a product by product sense if a group of farmers bring in wheat, flour or bread those goods need to be taken out of the supply warehouse too. It would be pointless to have goods just piling up in the supply warehouse with no one ever taking them out or that had no particular function. It would also be nice to avoid a situation where consumers are lining for a product that is not in stock at the supply warehouse. 
#historywithted #economics #fastfact #socialscience #principlesofeconomics #youtuber #teacher #instapic #knowledge #historybuff #education #homeschool #publicschool #nerd #geek #blogger #teachers Supply Warehouse The #divisionoflabor leads to a situation where people specialize in #trades and conduct #exchanges to acquire what they want. From this perspective we can see that the #economy can function as a “#supplywarehouse” and all of the goods in the economy are stored in this supply warehouse. Whenever something is produced it is brought to the front counter of the supply warehouse and stored. Whenever you want to consume something you sign it out and go. With the division of labor we are all producing different products and bringing them all to the supply warehouse. Here is the conflict with the supply warehouse the stuff coming out of the supply warehouse has to be equal to what is coming into the supply warehouse. Through a Macroeconomic lens looking at the economy as a whole we need to have some kind of linkage between what people bring to the supply warehouse and what they take out of the supply warehouse. In a product by product sense if a group of farmers bring in wheat, flour or bread those goods need to be taken out of the supply warehouse too. It would be pointless to have goods just piling up in the supply warehouse with no one ever taking them out or that had no particular function. It would also be nice to avoid a situation where consumers are lining for a product that is not in stock at the supply warehouse. #historywithted #economics #fastfact #socialscience #principlesofeconomics #youtuber #teacher #instapic #knowledge #historybuff #education #homeschool #publicschool #nerd #geek #blogger #teachers
  • Supply Warehouse The #divisionoflabor leads to a situation where people specialize in #trades and conduct #exchanges to acquire what they want. From this perspective we can see that the #economy can function as a “#supplywarehouse” and all of the goods in the economy are stored in this supply warehouse. Whenever something is produced it is brought to the front counter of the supply warehouse and stored. Whenever you want to consume something you sign it out and go. With the division of labor we are all producing different products and bringing them all to the supply warehouse. Here is the conflict with the supply warehouse the stuff coming out of the supply warehouse has to be equal to what is coming into the supply warehouse. Through a Macroeconomic lens looking at the economy as a whole we need to have some kind of linkage between what people bring to the supply warehouse and what they take out of the supply warehouse. In a product by product sense if a group of farmers bring in wheat, flour or bread those goods need to be taken out of the supply warehouse too. It would be pointless to have goods just piling up in the supply warehouse with no one ever taking them out or that had no particular function. It would also be nice to avoid a situation where consumers are lining for a product that is not in stock at the supply warehouse. #historywithted #economics #fastfact #socialscience #principlesofeconomics #youtuber #teacher #instapic #knowledge #historybuff #education #homeschool #publicschool #nerd #geek #blogger #teachers
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