Market research without money
Free marketing research is a reality accessible to all. The importance of marketing research is that they are the main source of complete and objective information about the market. This…

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Ways to increase sales in the online store
The huge variety of Internet resources can be divided into two groups – information and commercial. Under the commercial sites should be understood sites that are engaged in the sale…

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How to open your gun shop
Strength, courage and weapons is an integral part of a man's life. It happened historically, but you can not argue with the history. A wide range of different types of…

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Modern prospects of small business
The prospects of small business are connected with the understanding of the fact that it occupies one of two niches in the economy. The first of these is the start…

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Business idea on the subject: Manufacturing original lamps
Night – a special time of day, which is characterized by intimacy, so to create such an atmosphere is often used a variety of accessories. As one of the important…

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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

What is cryptocurrency?
Today it has become common to hear about the cryptocurrency from the TV screen, from the radio report or just read another "explosive" news about a man who earned millions…

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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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Great way to build a powerful business.
A powerful business is a business that is built optimally and purposefully. The world is arranged expediently and only that which is expedient survives in it. Everything that is inexpedient…

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How to build effective business processes
Effective business processes are the main condition for building an effective business that generates money, not problems. Build such business processes can only professionals who know one important secret. There…

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Who is the beneficiary?
In recent years, business and trade relations have been developing rapidly. This leads to the constant emergence of new terms that are used in the business sphere and imply the…

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