"Can you write a balance sheet of the Earth?" Professor asked us in the economics class today. We are totally freaked out.
A balance sheet is a financial statement that usually shows a companies performance, but it can be technically applied to assess a country in macro economics. A country's asset side will be such as natural resources, human capital, infrastructure, technology and government. Liability side will be such Environmental risk and profit earned by foreign residence living in the country.
However, except environment and human, all of the other activities are held between countries. So, practically, we will not be able to write Earth's balance sheet, the professor explained.
Well, then what our economical activities for? This was definitely a food for thought.
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