The US president generally makes decisions which he anticipates will positively impact the most number of people. Idealistically, the president’s job is to take into consideration scarcity and the needs of the people he governs. Ultimately, the president’s goal is to find a balance between what is available and what the people need.
From a cynical perspective, a business executive will not consider scarcity very much because they are looking to earn as much money and resources for themselves and does not consider the needs/wants of others in the company. On a more fair and balanced approach, a business executive will look at making a decision on the margin, which causes them to balance the needs versus the wants of the company as a whole.
A city manager has the role much like the president of the US does, but on a much smaller scale. The city manager must take into consideration how the decisions he/she makes will impact the city’s people. Looking at available resources and the needs of the people is critical. An example would be a potential drought or power shortage. The city manager would be charged with taking action to help minimize the impacts of these potential events.
A good mother of a baby would most definitely be looking at what is best for the child above her own needs/wants. If there is a scarce resource, such as food, the mother will most likely ensure that the baby is fed before she is. If there is another issue that involves a need of the baby, the mother will often forego her own needs to ensure that the baby has all their needs met due to the scarcity of the resource.
economics theories
The Web directory services by SecWh, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
No comments:
Post a Comment