Market Dynamics
After understanding market dynamics in Economics class today, it feels so wonderful to think that you can explain (??) all the different scenarios in the world today armed with this theory - be it why a particular stock is soaring or why men hang around pretty women all the time. Everything scenario seems to fit the demand - supply model.So, philosophically speaking, if all economic barriers (tariffs, taxes, ceilings, etc) of all sorts were removed in every field in the world, the whole world would work as one big efficient market place in equilibrium. But, I guess the flip side to this would be that this would ensure that only the fittest survive (and increase monopolies??) - meaning the producers or consumers who are inefficient would be eliminated. Is it really a bad thing?? After all, the homo sapien survived because he was fitter ........... may be a new race will develop which always strives to be more and more efficient. You must really have some patience to read all this especially when I have no idea if I am making sense or talking crap. So let me stop my ramblings here .......... Good night.
posted by Yi Bhopal @ 2:25 AM
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