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Lenon (Basic needs (guaranteed) (Access to Food & Water (Tom Yung…
Lenon
Basic needs (guaranteed)
Sanitary Healthcare
Efficient Public Transportation
Quality Education
Access to Food & Water
Tom Yung Goong Crisis (1997 Asian Financial Crisis)
Electricity
Human Rights
Land, Labour
Capital
Finacial
Banking
Commerical
Government
Jobs
Energy producers
Oil Drillers
Healthcare
Farmers
Low Skill Labour
"Everyone who is capable, is required to have one working job"
Government Officials
Land
Agricultural Practices
Privately Owned
Unwanted Jobs
people of the least relevant skill set
Decision-making authority
Government Intervention
Rules and Regulations
Public Utility
For Whom to Produce
Competitive Market
Invisible Hand of the Market
What to Produce
How to Produce
More Subsistent Relative To Buddhist Economy
Mixed Market Economy
Economic plan
Economic security/ stability
People's needs are satisfied
Economic development
Economic efficiency
Productive efficiency
Produce what our people need and what
Methods of production and distribution employed
Energy that will be used
Hydropower
Oil
Wind
Resource rich country: benefits and limits
Method of production
Slowly move towards flow production
Batch production
Free goods
International Finance and Debt
CONS
Produces will not circulate in our economy
Opportunity cost
Natural resources drainage
Labor
PRO
Money
Machinery
Goods and service produce
What will be produced
Chickpea
Fishery
Source of income for people
governments can also ensure that the benefits are insulated and returned to economy
Banana
Coal
Free goods
Countries with more natural resource can harness wealth for development
Opportunity cost/ecology
Lesser resources
To preserve ecology:
Rules and regulations
Effective methods of production
Government controlled public utilities