Free Enterprise - Case Studies How to measure - Productivity, Production, Consumption, etc. Stop producing; Buy and use from inventory Stop producing; Stop buying; Invest in stock market Real Values vs. Unreal (phoney) Values Stop buying and selling; Barter and take care of each other Sell only to horders How to measure Gross National Product GNP = C + I + G   Gross Domestic Product GDP = C + I + G + (X - M)   where C = Household and personal consumption expenditures I = Gross private domestic investment expenditures G = Government consumption and gross investment expenditures X = Expenditures on goods and services exported M = Expenditures on goods and services imported Case Study No.1 Stop producing; Buy and use from inventory   By government decree, the country "goes on holidays" (for an extended period of time). Everyone stops producing (grow and raising food, making clothing, building houses, etc.)   Consumers sales stay the same.   Everyone keeps consuming - (buying from existing inventories)     Real Values or Unreal (phoney) Values So what happens? The GNP and GDP stay the same - because the sales numbers stay the same Until we run out of inventory (like running out of savings)     Case Study No.2 Have to Have: Basics   Have to Have: Basics     Case Study No.3 Have to Have: Basics   Have to Have: Basics     Case Study No.4 Have to Have: Basics   Have to Have: Basics     Case Study No.5 Have to Have: Basics   Have to Have: Basics     Case Study No.6 Have to Have: Basics   Have to Have: Basics     Case Study No.7 Have to Have: Basics   Have to Have: Basics

 

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