What is wrong with this definition? Adam Smith lauded as the father of economics defined economics as an analysis of the nature and cause of wealth. It is wrong because it only emphasized accumulation of wealth is the only thing that can satisfy man. It is wrong because it does not recognize the reality that wealth is only one of his satisfactions. There are intangible things that can give man satisfaction.
The definition of Professor Alfred Marshall is more appropriate definition of economics. According to him, economics is “a study of mankind in ordinary business of life, it examines that part of the individual and social actions which is closely related with attainment and of material requisite.
The definition has few interesting points to worth discussing. It supposes that economics is a social science since man has differences in terms of behavior and actions. Thus, economics is not possibly similar with other sciences where uniformity is observed. Unlike with science, economics discusses man and the relationship of economic problems with regard to the way he conduct his daily life.
Another point of definition states that wealth is only a means for satisfying material needs, thus weal is not the ultimate among his activities. Wealth is just a means to acquire material objects that satisfies him. Economics therefore, promotes the idea of how men can acquire these materials for his satisfaction. The last point of the definition is that economics is all about what it should be and what it should not be
This definition of economics by Professor Marshall has been criticized for a variety of reasons. For critics, the definition has inherent flaws. Therefore, it is a weak explanation on the nature and scope of economics. Here are some of the flaws that critics were arguing.
It is not alright to insinuate that man is only interested in material objects as the only source of his satisfaction of his welfare. There are other intangible things that can satisfy man and live normally without the benefits of material objects. The critics pointed out that the individual difference among men is enough to argue the materialistic tendency of Marshall’s definition.
To preach what is morally good and right is not the domain of economics. It only examines why. This definition of Alex Marshal has restricted economics to delve only on the material aspect of satisfaction. This is already an inherent weakness of the definition. Therefore it is not the correct definition.
Furthermore, critics emphasized that economics has no moral authority to tell what is right and what is wrong. Thus, this makes one of the weaknesses of the definition. The definition is not even realistic as it exempts intangibles as source of satisfaction.
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Amazing Pocket Projectors For Christmas 2010
Now consumer electronics are becoming more and more compact in size, we can easily find so many powerful gadgets that fit into our pockets. That is really wonderful for users, however, there is also a loss – watching of media on these devices often shows us with a small display that is difficult to see. So customers are expecting there is a tradeoff on portability and viewing experience.
Indeed there has been a solution to this problem on the horizon. The multimedia projector has been small in size due to the development of related technology, and now it is possible to make a projector in incredible size that can fit in your palm or pockets and still brings you a large projected image size. Furthermore, due to built-in storage memory or external SD card slot, those pocket projectors can work separately without additional media sources such as computer.
Adapt 305 Pocket Projector ($299.99)
The Adapt 305 is the very latest pico projector designed for anyone who wishes to present on the move for business, personal use or travel. This pocket projector features the 3M optical projection engine, which employs an LCoS imager (Liquid Crystal on Silicon), brings a bright color image. It is capable of delivering 45 lumens of brightness, projecting a 100-inch wide image and has a resolution of 800 x 600 pixels.
The Main Spec Rundown: 1) 45 Lumens of Brightness; 2) Resolution 800 x 600 pixels; 3) 100-inch Projection Image Size; 4) Internal 2GB Flash Memory
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The Adapt 305 supports many document formats such as MS PowerPoint, MS Word, MS Excel and Adobe PDF files, that brings users big convenience – you can save your presentation files into its built-in 2GB flash memory or a microSD card, without the use of a big computer and any cords walk you clients through a “deck”. In addition, this pocket projector supports many media formats, such as MP3, WMA, RMVB, MPEG4, AAC, H.264 etc audio & video files and BMP, JPG, PNG etc picture files.
Adapt 450 Pocket Projector ($335.99)
The Adapt 450 is the latest model released this year. It boasts 100 lumens of brightness as well as 800 x 600 resolution, a 200:1 contrast ratio, DVB-T support and the ability to throw projection image up to 150-inch in size. And this pico projector comes with a built-in 4 watt speaker and is capable of A/V, VGA, USB and a SD memory card. With this gadget, you can easily own your home theater at a fraction of cost for buying a 150-inch television.
The Main Spec Rundown: 1) 100 Lumens of Brightness; 2) Resolution 800 x 600 pixels; 3) 150-inch Projected Image Size; 4) Built-in 2GB Flash Memory
This article is mainly targeted at Two typical Pico Projectors, but there are so many similar products available on sites like Vostrostone.com – Pocket Projector Wholesale Store and other good retailers.
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