![Transcription Center logo](/themes/custom/tc_theme/assets/image/logo.png)
This transcription has been completed. Contact us with corrections.
4 Jan 21 land, labor & capital - land in broad sense to mean resource - not just gross amt. but quality i.e. may be lots of land but not good land w/in reasonable walking distance of village - labor includes labor-saving devices here must examine energy efficiency - not all machinery as efficient as bicycle, for example - capital not just money allows you to put land & labor together in productive ways draws this parallel ((analogy)) land labor capital matter energy life what happens in a society that has no cash? status as a member in good standing of the society gives you the rt to use ((combine?)) resources — — paying for resources & labor from good behaviour - so anthropologist puts 'culture', defined as rules of behaviour, as capital 5 rules developed about access to a resource when it begins to be scarce — clean air, outer space, Antartica [[Antarctica]] examples of resources for which new rules being still developed if look at a societies' rules for use of resources, can describe the economy level of technology scarcity ((along with L, L & C)) [[strikethrough]] for [[/strikethrough]] the other basic concept in economics; scarcity forces choice new field of decision-making again the making of choices is part of being alive responding not just automatically, but purposively & adaptively [[strikethrough]] goals [[strikethrough]] choices made between goals or end & culture in general causes use to rank order — our culture tells us that champagne is better than coke forms a general profile of demand tho individuals may vary, i.e. I may personally like coke better than champagne [[strikethrough]] in [[/strikethrough]] must understand culture to predict choice