According to Investopedia, “The factors of production are land, labor, entrepreneurship, and capital. These inputs are needed for the creation of goods and services.” The factors of production are the building blocks of the economy. A common way of putting “what it is worth to customers” is called value. According to Harvard Business Review, “Value in business markets is the worth in monetary terms of the technical, economic, service, and social benefits a customer company receives in exchange for the price it pays for a market offering.” How can profits arise in a free market economy if every factor of production is paid its value to customers? If people pay for a factor of production in a free market economy (where the government is in control of nothing, it is all controlled by private business owners), and they pay the value of the product (the worth in monetary terms of the benefits from a service a customer receives in exchange for the price the customer pays for the service) for the product, how can profits arise? In a free market economy, the business owners get to set the prices. But, certain services have a certain value, and business owners get to determine to set the prices of their service(s) above or below the value of their service(s). However, if all the prices were set at the value of each service, how can your profits go up? They can’t. What if the valued price of your service was below the price it kept to keep your business alive? You would go out of business. Now, some people might stay in, and get all the business, but what about the losers? Now there are more unemployed people than there were before. This can destroy the economy.
Month: May 2024
The films I am talking about in the title are “Mr. Smith goes to Washington” and “Stagecoach”. Are there any characteristic features of Jimmy Stewart in “Mr. Smith goes to Washington” that rocketed him to permanent stardom? Are there any characteristic features of John Wayne in “Stagecoach” that rocketed him to permanent stardom? These two people were famous actors of Hollywood’s Golden Age. They were both gifted actors, but that is not the only reason why they became so famous stars. they each also had different characteristics which made them stand out on the screen.
Jimmy Stewart was born in a small town town in Pennsylvania. This town is also where he grew up. When he was older, he wanted to attend the United States Naval Academy. However, his father insisted him to attend Princeton University instead, which he did. It was there that he majored in architecture. It was while he was in Princeton, however, that he became involved in Princeton’s drama and music clubs. He eventually decided to pursue acting rather than architecture. After graduating from Princeton, Stewart joined the University Players. This was a summer stock company for college students. It was here that he met his lifelong friend and fellow actor, James Fonda. After that summer, the two of them moved to New York City to further pursue their careers. Stewart found a few small Broadway roles between 1932 and 1934, before Fonda found success in film and moved to Hollywood. Stewart eventually stared the leading role in romantic comedy “Next Time We Love”. HE then partnered up for the first time with director Frank Capra in “You Can’t Take It With You” in 1938. They also partnered for other classics, including “It’s a Wonderful Life”. Stewart excelled in the roles where he played honest men in times of trial and hardships because he was an honest, good-hearted man who lived a mostly clean lifestyle. Because of this, he could convey a bit of relatability to the audience, as his characters struggled with life, but eventually decide to do the right thing, which any person would do or want to do in a similar situation.
John Wayne was born in 1907 in Iowa. However, was raised mainly in California. He was rejected from the United States Naval Academy. He also attended USC on a football scholarship, however, he lost the scholarship due to a bodysurfing accident. He was forced to find employment after that. Wayne found work acting for Fox Films in small parts. This lead to his first leading role in “The Big Trail” in 1930. This film was a huge flop, but it did raise Wayne’s profile, nevertheless. He appeared in several B movies, which mainly included westerns. He appeared in so many B movies that he eventually lost count himself! In 1939, Wayne’s career took a major turn when he was cast as the second billed star in “Stagecoach”, directed by John Ford. Wayne’s acting ability allowed him to play ultimately good men that many other men in the audience could connect with. Being able to connect with the audience while being a “giant” while he was onscreen was rare, and it allowed him to become an American legend.
You may have heard of the most common example of the division of labor, the pencil. If you have not, I will be explaining the division of labor on a different, but perhaps even more commonly used than the pencil, household tool, the book.
The division of labor is just as it sounds, everyone is divided into separate jobs according to the kind of labor in which each person specializes. And when people use their own skills to create things, they can make pretty simple things, but when they work together to build something, they can build incredible things, from a pencil to a skyscraper.
Do you think you can make your own book? Good luck! It is not as easy as it sounds. Lets make it simple. Can you make a piece of paper? I do not think so. To do that, you would need to cut down a tree. To cut down a tree, you would need to build your own tools to cut the tree down with. Then you would need to transport the tree somehow to a factory where the wood is made into paper. But, since you are supposed to do all of this yourself, you would need to build your own factory. You would need to get all the raw materials to build your own factory. But, you will get hungry, so you will need to eat. But where will you get food? You will have to find it yourself. You will also need a place to live. You need materials to make the materials to make the tools to just cut down a tree. You can not do it yourself. That is why the division of labor is a thing. So you do not have to anything yourself. Everything you see that was made by humans was made by the division of labor. It the division of labor did not exist, the world would be very different today.
Would You rather watch a movie alone in a theater or online if they cost the same? There are pros and cons to both. Let me explain:
First, watching a movie in a theater:
Pros: You get to watch a movie on a huge screen with surround sound. That is a big one. Plus, you get to enjoy the movie in comfortable seats. You get to enjoy the full force of the movie while enjoying yourself. And there are no annoying distractions to deal with. No phones, no children, no nothing. You also get to eat popcorn, which is a classic movie theater snack (or so I think).
Cons: The title of the essay says ‘alone in a theater’. I don’t know about you, but I prefer to watch a movie with other people I love. I like to share enjoyable moments with friends and family. Also, I will assume that ‘if they cost the same’ does not count for gas. You need gas for a car to drive to the theater, unless you live close to one so that you can walk. Also, you have to dress up for a movie theater, but some people like to dress up. And I do not mean dress up like a tuxedo or dress, just normal clothes. You wouldn’t go to a theater in PJ’s, would you?
Second, watching a movie online:
Pros: You can dress in whatever you want for it. You are not going anywhere. You’re just at home, enjoying yourself. You also get to chose what you eat and drink while you watch it. You can make noise, laugh, whatever you want. It’s your house. No one tells you what to do. And you do not have to go anywhere to see the movie. You get to stay home and watch it.
Cons: It is a small screen you have to watch it on, with no surround sound. And there can be many distractions. Children, calls, door bell, you have to pause the movie for all of these things, or at least I do. These things are annoying, but I think you know this already. And once again, the title says ‘alone… online’. You are, once again, alone. I like to enjoy a good movie with people I love, wherever that movie may be.
Assessment: Depending on all of these pros and cons (I do not think that I covered it all, you may have thought of things that I have not thought of), I think that I would like to see a movie in a theater rather than online. It mainly has to do with the giant screen and surround sound though. However, I would still like to watch a movie in a theater, but if there were people involved, and I had to chose between online with them or in a theater by myself, I would rather watch it with them online. But I would like to watch a movie in a theater with my friends. I would like to do that most.