The World's Best Book Summaries
How does the stock market economy work? Why are so many people deterring from buying shares? The stock economy is a sector of the economy that is shrouded in secrecy. Complex jargon scares potential investors who don’t have a background in economics or finance. This article will help to lift that curtain. It will explain how stock prices are valued and why companies hire economists to help them play the stock market.
What are information gaps in economics? Are seller-buyer information gaps good for the economy? When one party doing a business deal has more information than the other party, there is an information gap. Usually, the information gap is such that the seller has more information than the buyer. When this is the case, the market is not running efficiently. This article explains the information gap, discusses how to close it, and examines how to solve broken health care systems using these economic principles.
How does the free-market economic system work? How are goods priced in such an economy? In the free-market economic system, products are generally almost equal to the marginal cost, or how much it costs to keep a business afloat. Plus, modest profits convince investors to keep their money in the business than in savings. This article takes a look at how the free-market system and its implications for taxes and non-market goods.
What was Donald Trump’s approach to foreign policy? What did his “America First” policy really entail? According to the anonymous author of A Warning, a book on the behind-of-scenes of Trump’s presidency, there were several problems with Donald Trump’s foreign policy. No one even knew what “America First” really meant. He didn’t listen to foreign policy experts and changed important policy positions at a whim. Let’s take a closer look at Trump’s foreign policy problems and their implications.
Why do brands charge different prices for different customers for nearly identical products/services? Is the higher-priced product really significantly better than its lower-tier option? It’s no secret that companies can charge different prices for different customers. Once you realize that sellers base their prices in part on what they think you’re willing to pay, you can make better decisions about what you buy, where you buy it, and how much to spend on it. In this article, we’ll explore how companies can charge different prices to different customers, and what it means for you as a buyer.
Do you find it hard to make decisions? What is the key to making better decisions? Clayton Christensen shows how economic theories can help us with making better decisions in his book How Will You Measure Your Life? Find out why experience isn’t the best guide for your decisions and why you should use theories instead. Keep reading to learn about making better decisions.
What are some resource allocation examples you can learn from? How did Apple improve its resource allocation strategy? Why is it sometimes necessary to scrap a project? It’s important that the allocation of resources aligns with strategy in business. By examining real-life resource allocation examples you can understand how to improve your own strategy. Read on to find some resource allocation examples you can learn from.
What is the role of economics in society? How has it changed over time? Are there certain things that never change? Money is vital in shaping the direction of human history. In The Lessons of History, Will and Ariel Durant discuss the role of economics in society throughout history. They identify patterns that provide insights about the profit motive, wealth inequality and redistribution, and socialism. Read more to learn what history tells us about the role of economics in society.
What is marginal thinking? What are some examples of marginal thinking? Does marginal thinking always work? Marginal thinking is where you weigh up the costs and benefits of adding something new. You then decide whether it’s ultimately worth doing. Marginal thinking can be used in many aspects of your life, but it’s commonly used in business to decide if a new venture is worth investing in. Unfortunately, this type of decision-making isn’t always ideal. Read on to find examples of marginal thinking that didn’t work out.
What are company capabilities? How can you use capabilities in business? How do you know when to outsource? Company capabilities are the resources, processes, and priorities of a business. This article looks at specific examples of capabilities, whether you should outsource, and some real-life examples of capabilities in businesses. Find out more about company capabilities.