Question

In: Economics

1) Is greed the same as self-interest? 2) Agree or disagree with this statement and explain...

1) Is greed the same as self-interest?

2) Agree or disagree with this statement and explain your answer: “the rich get richer and the poor get poorer.”

3) Who did more for the world, Henry Ford or Mother Theresa? Explain.

**Must be at least 4-5 sentences for each question

Solutions

Expert Solution

1) Is greed the same as self-interest?

Greed conjured the image of desire for more than you need with need being poorly defined are defined by third persons who are not involved whereas self interest means that a person is acting according to his own values whatever those might be. Person seeking the basics of human, food, clothing and shelter, maybe luxurious personal relationship such as love and friendship knowledge truth or even acting on compassion and kindness so long as it is genuine and actually his own feeling.


2. The rich get richer and the poor get poorer-

Rich get richer because Delhi market price cannot affect them because their income source are a lot.they have quality family plan so they have less children and low cost for family.their parents provide good education for their children educated person can lead himself in every sector. They have already fixed property to borrow loan and can start new business. Banks society relatives and friends support or help to do any great steam to them. They have great ambitions also,And because of strong support carry him to be richer and Richer. Reet have good formulas skills and experience about marketing trading and savings taxation over cost and using money.

Poor get poorer because of their income is less than daily market rate. They give birth a lot of children than rich. They do not have good future plan for family. They do not have good relation. Poor selects poor. Relation decides position of man. Poor think always junior and poor man themselves.negative mind brings bad thinking bad thinking is great Wall of becoming rich.

3. Who did more for the world Henry Ford on mother Teresa?

According to me e both Henry Ford and mother Teresa did great for the world. Henry Ford pushes for mechanization in the production of automobiles and his company was able to produce a model t every 24 seconds on average. Because of foods contribution today world is is on another platform of technology. Where is mother Teresa did humanitarian work ok in various countries she rescued 37 children trapped in a hospital by broking a temporary ceasefire between Israel and Palestine sea travel throughout the war zone to the hospital to evacuate the young patients. And her work is is noble for humanity.
Because of the contribution of their work we cannot compare the work of Henry Ford and mother Teresa. Because both are genius in there on fields. And contributing a lot for world.


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