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In some places, for example, in the deaf Amazonian tribes, there is still a neolithic economy, and in some places, for example, in developed countries, there is already a post-industrial economy. Some countries have a pronounced level of economy, and some are in transition. Hence the difference in the volume of GDP that can be created in a particular economy.
Why was it necessary to divide the economy into sectors and levels? It was necessary to divide so that the opportunities and abilities of the economy of a particular country in the world were visible, as well as the opportunities for business within the economy of that country. Continue reading
Business does not go when there is no one to buy goods or services. If you decide to go fishing and choose a lake where there is no fish, you can do anything, but you will not catch fish. The same is true in business: if there are no consumers, do what you want, even if you offer a product for free, but you can’t sell it. You can scold nature, competitors, the state, but this will not solve the issue.
It is clear that the state, of course, can establish some restrictive measures, for example, it can prohibit the circulation of narcotic substances, or limit the age of sale of alcoholic drinks or cigarettes, i.e. sometimes the number of consumers is regulated by the state. Continue reading