Page 106 - 10-21-2019 Final English Edition, the Book with Ch. 46 Added by James H Hong. (1)

2. More GDP, more Expense, more Poverty in Fixed Salary

3.1 Diminishing Demand, as time Goes, Demand curve
leftshifts, and gone.
3.2 Causes: 1. Population Declines 2. Domestic of Foreign

Migration (leaving) 3. Diminishing Market
3.3 Diminishing Market:: example:: Insurance sales: Due to

efficient sales, most people purchased or own insurance
.20 or 30 years ago, so market has shrunk to smaller sizes.
Same as smartphones.

4.1 Under moneytary stem, we believe that all people go to
work. Not all go to work.

4.2
1. To cut cost, companies only hire X percent of people of
population, who are trained, skilled, or favorable.
2. People choose jobs they prefer, so some jobs are not

wanted.
3. Businesses can easily become bankrupt, and people lose
jobs.

4. Some wealthy people do not work
5. Money sometimes reduce meaning of work
6. Money rates jobs sometimes.

5.1 Money makes trade harder. People don’t want to buy
because of prices.

5.2 Why unemployment rates cannot be computed. Labor borce
is Unknown.
Labor Force questions: Percent of Bing: 1. house wives. 2.

Retired people 3. Graduates 4. Disabled 5.
6 Housing Bubble: Building more houses when populations
decrease + people living with parents. Empty houses become

everywhere.