economics, general reference



production

productive activity includes farming, constructing buildings, retail, transport, transporting goods, manufacturing general items, vehicles, equipment etc.


trading involves buying and selling items. 
	can also be viewed as exchanging an item for cash, i.e. a trade of one item for another [economic modelling]


an effective currency may increase economic strength and activity to a very large extent
	inflation 0% to 5%, appropriate levels of currency in circulation


prices should be monitored to ensure that they are not orders of magnitude too high or too low. 

	may be corrected through establishing effective markets, e.g. stock exchanges, regulation, 
	increasing the number of competitors in an industry 


increased consumption may lead to increased production, (the opposite of the effect on a single individual when this leads to a decrease in assets)



reasonable regulatory fees and requirements for business and general buying/selling activity

low transaction costs

effective banking system, low fees, no interferance with transactions or account balances

effective communications systems, postal mail, telephone services

effective transport systems, road/rail/air/sea

notes on prices etc.





pltcl issues

theft, it's critical to have low levels of this as high levels prevent the ability to travel to different locations, engage in normal activity, and result in time and effort being spent on preventing it

violence, not to have this as it prevents the development of new ventures, trying new ideas, or taking up existing entitlements

