What's the name of the restaurant?
The names of catering establishments in any case is quite difficult to classify, but in the case of restaurants it is much more difficult. Unlike signs on small spots for…

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Best passive income ideas
Today, at least every second person thinks about passive income. Unlike active work, the procedure for obtaining passive income does not require such great effort. Options passive income – a…

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What is infobusiness
Nowadays, in the realities of Russian reality, an increasing number of people think, if not about creating their own business, then about the real ways of part-time work. Using a…

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Kinds of consulting for advanced businessmen
There are different types of consulting that a businessman can use if he is needed. In general, a businessman is a person who can do everything himself, absolutely everything, therefore…

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How to build a profitable business
The goal of any businessman is to have a profitable business. In order to build such a business, you need to know what profit is in its essence. It seems…

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basic principle

How the principle of the invisible hand of the market works

The principle of the invisible hand of the market is a term introduced by the Scottish economist and one of the founders of modern economic theory, Adam Smith, to explain the mysterious processes in the market. He realized that the behavior of buyers and sellers in the market 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”. This third party coordinates the decisions and desires of buyers and sellers, and does so unnoticed by them. In the course of the transaction, they receive information not only from each other, but also from this very invisible hand of the market. Continue reading

How the principle of the invisible hand of the market works
The principle of the invisible hand of the market is a term introduced by the Scottish economist and one of the founders of modern economic theory, Adam Smith, to explain…

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Monetizing talent as the business of the future
The business of the future is the monetization of talent. Everyone is talented in something. Absolutely everyone is talented in something, there are no exceptions and there cannot be. However,…

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Effective technology to eliminate competitors
One of the main questions of all businessmen is how to eliminate a competitor. Making a competitor leave the market is the dream of every businessman. Eliminating a competitor once…

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Business idea on the theme: Opening of children's dance school
Most parents invariably face the problem of their child's employment in their free time. Someone gives children in sports sections, someone on singing, but many make a choice in favor…

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What is infobusiness
Nowadays, in the realities of Russian reality, an increasing number of people think, if not about creating their own business, then about the real ways of part-time work. Using a…

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