Unless you are self-sufficient, you must trade your products for those of others to survive. An exchange economy was established for the efficient survival of humanity. Economic activity leads to wealth accumulation, so for wealth to exist, there must be a counterparty. This means you cannot thrive on your own. However, having many counterparties also means that some of them could compete with your business. Exchange becomes straightforward only through the establishment of a price, which acts as an indicator of competition. Trading at a high price could generate significant wealth, but competition can hinder success. In other words, I survive because of others, while my survival is also threatened by them. Business inherently involves competition. This is why any business plan must include a strategy that considers competition. - Joseph’s “just my thoughts”
To draw a picture well, you must practice frequently. To write well, you need to write a lot. Quantity surpasses quality. In some cases, improved skills or methods are necessary for growth and development. However, anyone aiming to achieve remarkable progress can only do so through extensive training and repetition . Notably, learning a foreign language is more about training than studying. Without diligent practice in speaking aloud , you will struggle to progress beyond a certain level. - Joseph’s “just my thoughts”