The reason of increasing in processed food.
As household’s income increases, the relative price of time rises.
The relative price of time rises and households choose purchasing more processed food for saving time.
Increasing of income invokes increasing of processed food.
income statement or the balance sheet?
General characteristics of CFS : Complementing the balance sheet and income statement, the Cash Flow Statements allow investors to understand how a company's operations are running, where its money is coming from, and how it is being spent.
Due to the accrual accounting, the income statements released each quarter may not necessarily reflect changes in
incomes fell less sharply in Finland than in most other countries. Barriers to grain imports stimulated a return to mixed farming, and by 1938 Finland's farmers were able to meet roughly 90 percent of the domestic demand for grain.
The disruptions caused by the Winter War and the Continuation War caused further food shortages, especially when Finland ceded territory, including about one-tenth of
‘Housing’
Shelter: 보호받고 쉴 수 있는 보금자리
+ Sleeping, Working, Recreation, Cooking, Eating, Etc...
Activity, Location, Status, Investment의 측면
Public Good or Private Good?
개인의 사유재
정부의 공공재 (생존에 필수적 요소이므로 저소득 계층 보호, 경제적 뒷받침)
정부 개입의 형태
‘Federal Level’- 주택 가
9. What is the superstar phenomenon? What factors create superstars in certain occupations and not in others?
슈퍼스타 현상은 미국 시카고대의 셔윈 로젠교수가 이름 붙인 것으로1등은 엄청난 보상을 받는 반면 차점자는 훨씬 작은 보상을 받는 승자독식(勝者獨食)현상을 이르는 말이다. 이러한 현상이 나타나는 이유는 스타