Sunday, September 23, 2012
Wealth of Nations
This reading assignment was interesting to me because I am extremely interested in business. In Wealth of Nations by Adam Smith, he talks about the basic ideas of what makes a successful business. Some of the ideas he talks about are not buying to much of something if not needed, which is the simple concept of supply and demand. Another was not employing people for a job they don't know how to do, because that would be a waste of money and could possible hurt the business. I thought that this reading was very simple and had a lot of common sense ideas. If business people today would follow Smith's "rules", I am pretty sure that there would be less businesses that would go bankrupt.
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I agree that this reading was very helpful to understand economics, it was just not the most interesting.
ReplyDeleteI also thought that a lot of this article was common sense from what you learn in the real world. I thought some was unnecessary to put in writing. However, I did also find some of it interesting.
ReplyDeletei agree with you this reading was very informative but at the same time it was very confusing and hard to understand. but over all it was very interesting!
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