View Poll Results: Which component of an economy holds the highest value?

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  • Creativity, innovation, invention, vision

    6 31.58%
  • Willingness to risk capital

    1 5.26%
  • Labor

    7 36.84%
  • Natural resources

    1 5.26%
  • Tax revenue that finances services government provides

    1 5.26%
  • Other. Explain.

    3 15.79%
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Thread: Which components of an economy hold the highest value and why?

  1. #11
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    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by earthworm View Post
    All of them, aka "other".
    Japan and England have done well without material recourses.
    IMO, education is the most important, in both morals and the sciences....
    Could a lack of "morals" be hurting Russia ?
    The government to regulate and do this wisely. ...And to have all working together...
    Interesting. It's always baffled me that Japan had the up until recently the number 2 economy in the world with nowhere close to the advantages Mexio has; oil, huge agricultural advantages due to climate, huge tourism advantages, right on the border on the country with the number one economy which couldn't made trade easier, easy ocean access to both Atlantic and Pacific markets and the list goes on. Even the Phillipines should have a better economy than Japan. The conclusion: histories of govevernment corruption mostly, big focus on education, a strong work ethic among the population and cultural disdain for crime. Just my opinion.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  2. #12
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    Re: Which components of an economy hold the highest value and why?

    That's like asking which internal organ holds the highest value to you.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  3. #13
    Only Losers H8 Capitalism
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    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by Deuce View Post
    That's like asking which internal organ holds the highest value to you.
    Whats wrong with that question?
    Which components of an economy hold the highest value and why?-index_mid_off_06-jpg

    In regards to the topic, In terms of highest value I think its a combination of the first two. IMO everyone is "labor" and it takes the first to make use of natural resources.

    Taxes are not necessary, nor the government except for defending out rights.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

  4. #14
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    Re: Which components of an economy hold the highest value and why?

    All your creativity, innovation, and capital won't get you anywhere without labor. You could have the best idea in the world, but with no one to do the work, nothing will happen.

  5. #15
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    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by Fisher View Post
    Innovation--but for it we would still be trying to get our horse to plow a straight row. second most important would be willingness to invest capital. Without those two, labor would not exist.
    Even animals labor to make a living - no innovation or capital required except what's provided by genetics.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
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  6. #16
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    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by MoSurveyor View Post
    Even animals labor to make a living - no innovation or capital required except what's provided by genetics.
    Perhaps, but fire was innovation, but if you want to go back to living in caves, killing with rocks, and eating raw flesh and roots and berries, don't let innovation stand in your way.

  7. #17
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    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by Fisher View Post
    Perhaps, but fire was innovation, but if you want to go back to living in caves, killing with rocks, and eating raw flesh and roots and berries, don't let innovation stand in your way.
    Don't lie. Fire was a gift given by god.

  8. #18
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    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by waas View Post
    Don't lie. Fire was a gift given by god.
    I apologize for my fabrication---fire was a gift from God; my oven was not. I guess I got lost in the spur of the moment.

  9. #19
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    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by Fisher View Post
    I apologize for my fabrication---fire was a gift from God; my oven was not. I guess I got lost in the spur of the moment.
    Who built your oven? Who supplied the raw materials to start the whole process - from stamping the steel panels to making the controls? For that matter, who supplied the ingredients for the first tools to make fire? Someone had to mine them even if that meant going through a whole bunch of rocks in a stream bed to find just the right one. Ditto for spears, axes, etc. You can't make wood and/or stone tools without wood and/or stone.

    I'm not saying none of the other things listed aren't required for a good economy. Invention and innovation are extremely important and are what's kept us in the #1 economic position for so many years. But at the base of all activity are the people doing the work.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  10. #20
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    Re: Which components of an economy hold the highest value and why?

    Pretty simple really. Labor produces capital and allows for the generation of income. The generation of income funds the government. The government runs important programs like defense, transportation and regulatory processes.

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