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Date: 2018-11-20 Page is: DBtxt001.php L0700-PE-CL-PEOPLE-COSTS-OF-LIVING

PEOPLE ... THEIR COST OF LIVING
THERE ARE COSTS MERELY TO STAY ALIVE ... A HIGH QUALITY LIFE HAS MUCH HIGHER COSTS
Human Capital / Babies / Families / Sports Team

COMPONENTS OF THE COST OF LIVING

FOOD
Food is a basic need ... enough food and nutritional food.
The food sector in the global economy is one of the most important and has many problems that need to be addressed.
Some parts of the world are short of food and in other parts of the world, people are eating to much.
FOOD is a very big global industry
The technology for food processing has become more sophisticated in recent years, but the technology has been used in large part to optimize for profit rather than for better nutrition and better wellnss outcomes.
Agriculture has become more efficient in terms of more profit per acre, but without taking into account the degradation of the environment
As population grows, and per capita food consumption grows. more and more natural tropical forest land is being cleared for mechanized agriculture. The cost of deforestation is being ignored in the conventional assessment of economic performance.
A lot more about FOOD ... how it flows through the economy Open L0700-SS-FOOD
A lot more about FOOD ... the structure of the industry Open L0700-SI-FOOD
SHELTER / HOUSING
Everyone needs somewhere to live. Politicians talk about 'affordable housing' but don't seem to understand much about what this means. People with wealth and high incomes are able to afford housing no matter how much it costs, but people with modest means and low incomes are 'priced' out of the market. This has come about because most of the population is learning little more today than they were 40 years ago and the price of housing has increased substantially, whether it is house ownership or simply renting.


MATERIAL BELOW HAS NOT BEEN CURATED YET
MAYBE USEFUL ... MAYBE NOT!!!!


THE PEOPLE PERSPECTIVE
The purpose of everything should be to improve quality of life ... for everyone. It is the essence of humanity ... and should be the main measure of success. This is not the way that economics and business is taught in the modern educational system, but the essence of life is much about about the quaity of life and not simply about the financial metrics of success.
An individual's wealth (financial capital) is only one contributing part of what makes up a person's quality of life and an individual's personal human capital, but it is only a part. Wealth can make a person's life a lot easier and may help enormously to reduce stress and thereby improve health... but wealth on its own does not result in the greatest happiness.
An individual's human capital in the present is a result in part of an individual's history … such things as parenting, nutritious food, good healthcare, good education, good surroundings, role models and so forth. Skills and experience are accumulated over time.
There have been costs to get the present point in time. The value accumulation represents an investment. Past earnings that are not spent but saved, factor into the human capital of the present.
Place also feeds into an individual's human capital. A place that has no violence and is supportive of an individual adds to human capital. A place where there is a future full of opportunity is also part of the state of human capital in the present.
The present value of the future depends on what the future looks like, but also depends on what the individual has done in the past to be in a position to take advantage of the future.



The text being discussed is available at


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