Marginal advantage is the system input caused modification in output (in that procedure section).
Total benefit is the total output caused by the overall input (because process area).
Minimal balance point is the marginal advantage absolutely no moment in this process. It is the crucial point that a person more unit input will trigger loss; it is the 0 that is in between the positive and the negative.
The minimal advantage concept is used in microeconomic competition to take full advantage of benefiting however there is another way to use this concept to understand the macroeconomic procedure and prevent the natural process driven microeconomic competitors that cause macroeconomic conditions degeneration caused economic stability which is an economic heat death.
When economic equilibrium occur regionally, this economy will attempt to use its power in its comparatively more powerful use worth (products and services, capital) to get in real worth from outdoors world to beak this equilibrium to continue this economic procedure; while its use value (mainly the built up usage worth– capital) and population (which is the real value and use value customer however itself is likewise a type of usage worth) will try to spread out into the financially non- balance location to make use of the potential differences in economic factors.
But when the entire world falls into this financial stability one day in the future, this cornered capital and population will have nowhere to go however sitting there waiting to be vaporized into absolutely nothing.
Due to the present destructive impact on the product value (genuine value) is getting more and more malignant that had passed the nature recuperating ability adjustment capability, these damage are irreparable process that is unrecoverable, for instances: geothermal energy decrease is permanent procedure that will short fall the life span of the community. Chemical pollution is irreversible procedure that triggers permanent damage to the ecosystem that weakening the evolution conditions that reduce development rate that will short fall the evolution level we require to reach the crucial level to reach unlimited future, for that reason negate the whole process into an useless thing– null work.
Our economy is a natural tendency driven natural process. This natural process is an entropy growing process which depends on exploiting the prospective distinctions in financial factors such as resources, labor expense, market, capital, science and technology to make revenue. The higher the differences, the more profit you can get. This economy procedure will even down the possible distinctions in financial aspects that decrease revenue margin. The more evenly dispersed the economic factors, the smaller sized the profit margin. This is the minimal benefit which is a relative advantage.
When this possible differences in economic elements are totally evened down, the economic drive is basically gone– nonprofit activities. People just endure however not accumulating money in this economic activity. When the limited advantage minimized to such that no longer contribute the growth of total advantage– this is the balance point you can not go even more: beyond that point you will lose cash.
The stupidity of the natural procedure driven economy is that it is a self-consuming procedure– it digging its own tomb: economy is a diminishing sum game due to the fact that economic activities can not develop genuine worth but simply convert product value (real worth) into use value (services and products represented by cash and credit, accumulated as capital) and consumes it. This is a permanent process governed by the 2nd law of thermodynamics. Use worth does not have worth however has market worth therefore has power in it, when it developed into the form of cash, it is a universal exchange medium. However its worth depends upon the conditions of the genuine value conditions of that minute. Along the financial procedure, the overall real worth will continuously decrease and the worth of the usage worth will continually deteriorating (that has a bit delay result in time). When the genuine value diminished, the usage worth will be evaporated into absolutely nothing and the power in it will be gone.
So the final result of financial development and the financial investment relay from rich nations to bad nations is not the expected all rich but all definitely bad.
A practical and severe man would not take that as a huge cause to pursue, since he is greedier and more ambitious: he wants the unlimited future and supreme freedom in the universe.
Economy fluctuate in cycles in history however this time things are a bit different: before it is a lot more benign regional and shallow damage there and here nature can recover it; but this time it the world wide large scale product value damage in depth and lasted for long term that shortage the material reserve for the system time span and conditions we require to be linked to higher process to get into future, that alone will make sure to kill all human in far advance– You do not need the material worth be completely exhaustion to extinct all human and you do not need a devastating catastrophe to extinct human, just brief fall the material value will get the job done in a deadly sure way.
Total benefit is an outright benefit– it is the total advantage you can get from the financial activity you perform. Difficult that understanding of the overall advantage is incorrect: the genuine total advantage must be the supreme advantage– the endless future for human species. Consequently we ought to use the overall product value in such a way that it can support human race go through the nature enabled next 1.2 billion years to get that benefit, however not exhaust it as soon as possible to take pleasure in the minute– that is childish thinking.
This minimal advantage theory is used in micro economy to direct the earnings making activities– this is gaming in process level; but in macro economy, in a long term and system video gaming point of, this natural process result in dead end– financial heat death, a total resources exhaustion and population saturation that make all human kind extinct. This is an unsustainable process. Natural process of our present economy is utilizing the most efficient way to exhaust all resources and damage the environment that is in fact collective suicide in an effective method. The rat race of generating income and getting rich is short spotted and shallow. A modern human should not take that as a big cause to pursue but consciously seek logical services.
What all human now doing is attempting to win the procedure level video gaming however in the meantime unknowing all will lose the system level gaming that will trigger all out extinction. Even you want to continue the procedure level video gaming (the natural procedure of complimentary competition and natural choice) forever, this process itself will diminish all resources and end this video game sooner than you anticipate it.
The genuine total benefit remains in the final objective of human kind– limitless future of the human types. To attain that the only method is adopting reasonable process in rational system.
Describe my Quora answers or post in my complimentary eBook LOOKING FOR ANSWERS 12 th edition in the concerns: “Are there natural laws that govern social science?” “What are the characteristics of truth?” “If we can measure success with one value, what will be that worth?” “What is the real nature of value?” “What is your definition of real value, usage value and wealth?” “What is the distinction between real worth and usage worth?” “Why the genuine value is limited in any local space and time?” “What is human genuine worth and how can we utilize it effectively?” “What is surplus value?” “Is wealth equals to money?” “I strove to create the worth”, what is wrong with this declaration?” “What is the physical structure of economics?” “How come cash doesn’t have worth?” “What are some techniques to worth theory?” “How do you figure out value?” “Will individuals alter in front of crisis?” “Can the technology exponential progress save human kind?” “Can a living thing survive in space?” “Can we explain the magician dynamo in clinical terms?” “What are some threat management principles?” “Is it true: “Rosling and Pinker present good data that show we may leave this mess”?” “What can save the human future?” “What is your opinion on commercialized space travel?” “What is the future of humankind?” “How science and technology impact human future?– Discuss the relations in between natural science and social science– case analysis: what will occur if controlled nuclear combination energy production comes into reality?” “How come we do not manage our own population as we provide for all other species? Is this wise?” “What do we essentially depend on to endure: adjustment or control?” “Offered the 100%reliance of all living organisms upon nature, why is human civilization ruining nature?” “How can we reach future?” “What are the standard principles of economics?” “Why is the principle of self-interest crucial in economics?” “What are the standard laws of economics?” “What is the essence of economy?” “What makes today world economy wrong?” “Can you compensate the resources intake and environment damage caused by economic activities with cash?” “What are the approaches you used to study economics?” “Can you discuss economics in brief words? How can we discover economics in 10 minutes?” “If the economy is a diminishing amount game, why some individuals get abundant in economic activities and what is the future trend?”: “What is incorrect with economic efficiency and productivity?” “What are some concerns we have to be aware of when using video game theory to real cases in economy?” “Is capital development an absolutely no amount game?” “What is the relation between the rate of the worth decrease of usage worth and the real worth conditions?” “What is the optimal method if everybody knows the optimum technique (in any field)?” “What are some intriguing mathematic applications in natural science and social science?”