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Show Cadmus Club Holds Meeting Nov. 15 With Lucile Jackson Cadmus Club meeting was held Nov. 15, 1972 at the home of Lucile Jackson. Club president presi-dent Lucille Jense presided, and conducted the meeting. Opening Op-ening prayer was given by Glenna Oveson. Business was conducted by President Jense, who then turned turn-ed the meeting over to Mrs. Jackson, chairman of the Education Edu-cation Committee. Mrs. Jackson introduced her daughter Mary Louise Richards, Rich-ards, who played a flute solo. She then asked Mary Louise to introduce the speaker, inasmuch inas-much as she was his student at the Brigham Young University. Mary Louise introduced Dr. Lowell Wood, agricultural economist eco-nomist at BYU, who presented the program. He discussed ideas id-eas and showed charts in connection con-nection with our capitalistic system of economics. He said the system in the United States is based on private ownership, which is the basic principal of capitalism. Principles involved include private ownership of property, working for a profit, or self interest, a limited role for government in business, competition, freedom of choice, and a price system which responds re-sponds to public demand of what to produce, how to produce pro-duce it, and who uses it. He discussed the concept of the gross national product, as including rent, interest, wages and profit. It was an enjoyable and instructive evening for the club members and guests. Refreshments were served by Lucile Jackson and Ella Jackson, hostesses. |