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The interesting career of Tomima Edmark, the inventor of Topsy Tail and other goods that used to sell mail-order and now are ordered on the Web.
As you will be hearing many, many (many) times in this course, entrepreneurs create wealth by moving resources from lower-valued to higher-valued uses -- as determined by consumer choice. In reading about Edmark, what are some examples of how she moved resources in a profitable direction (including her own labor, which also is a resource)?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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