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How a Free Market Works
Today most of the modern developed economies are built on the free market principles first introduced by the famous economist Adam Smith. We all have many times heard about the supply-demand model which is always represented by the intersecting curves on the graph. I’ll try to illustrate the main concept of the free market in a bit simpler way not using those graphs.
Economic Crisis 2009 – The 7 Lessons Learned So FarHow are we doing so far? We could all be even worse off, but let’s hope it gets better from here. For most of us the impact on our businesses has been inconsistent and inconclusive. What are the right management strategies and action plans to get through this economic turmoil with a more resilient and successful business? Here are the seven lessons we have learned from clients, commentators and other experts, so far.
