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New generation business
Many modern businesses do not give their owners what they want. They want businessmen, as you know, a lot of money, but they receive very little. Why is that? Because they mainly own the businesses of the past generation, which have reached a maximum in their development, because the shortage of products, which was eliminated within their framework, has already been eliminated. Many businesses of the past were based on the scheme “money – goods – money”, but this scheme no longer works. Continue reading
The principle of the invisible hand of the market and its principles
The Scottish economist and one of the founders of modern economic theory, Adam Smith, in order to explain the mysterious processes in the market, introduced the concept of the “invisible hand of the market.” He realized that the behavior of buyers and sellers is determined not only by their desires, but also by some third party that is not visible. For the reason that this side is not visible and is clearly related to the market, it was called the “invisible hand of the market”. Continue reading
