In a market economy, ‘price’ is determined by supply and demand. Producers supply and consumers demand, and the compromise between them is price. However, the price determined by supply and demand is not always beneficial to both producers and consumers. The price formed in the market is distorted by various factors, and the imbalance that occurs at these times results in a loss for some and a benefit for others. Wealth transfer occurs when there is an imbalance in the price of a good or service. Price imbalance necessitates an understanding of the essence of the market that forms between supply and demand, and it is a fundamental virtue for entrepreneurs to develop an ability to recognize bubbles and undervaluation of value. - Joseph’s “just my thoughts”
Corn is a mysterious plant. It is the most viable crop on Earth, but it can only survive with human touch. Corn kernels look like plants born from the premise of human care, as the thick shells wrapping around the corn kernels can rot them if human hands do not peel the shells off. The more corn ripens, the more sugar converts to starch. Therefore, it’s delicious if you harvest it quickly and eat it immediately. - Joseph’s “just my thoughts”