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Why don't rich people give poor people money?
Because rich people are greedy and all they want is money
Why do poor countries earn less money from trade than richer countries?
Because the rich people / countries want the poor people / countries to stay poor so they are rich. The poor not having many jobs and obviously money will take the amount they can get for the job. So the Rich companies give little money for the trade because there are so many unemployed thus the littlest of money being better than nothing.
Why does the use of money contribute to economic efficiency?
The use of money increases economic efficiency because without it, we would be a barter system. In a barter system, if I want potatoes, and have oranges to trade, the person with the potatoes has to want oranges to be willing to trade with me. With the use of money, I can give him a known amount of value in money, which he can buy what he wants to with.
Supporters of command economies claim that firms in market economies do not produce the goods and services wanted by the poor because?
firms produce only what people with money want and need.
Can a want become a demand and how?
A want becomes a demand when a threat is added to the mix. I.e. I want to borrow some money. Or Give me your money or I will…………….! In the 700 billion bail out it was I want 700 billion dollars to …………. When it was voted down it became, we have to have the 700 billion or this will happen…………! You might say this is not a threat, but when you put fear into people with unknowns or might be, it is a threat. They do not know what would happen so they use fear to get what they want. That is a threat. This makes a want become a demand.
