The auction principle in markets: What does this mean, and where are the weaknesses?

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You should always be an open and a reflected individual. And the leaders are blamed for not being open enough. Open your eyes at their maximum, and we should learn as much Economics and Strategy as possible. Do not bother about ignorance, such people are not welcome to the best positions in business lives where-ever forever!

You cannot reason properly without long education, competence and enough to know. And this is the situation in many markets, also among leaders and employees. Today, we should know, and not think that we can know when we cannot! We need the best studies everywhere to take care of things, and nobody should blame you for your choices, you should instead make the choices in your life that is appropriate, and not dwell about others. I am the king in my life myself!

The auction principle has learned us that any market is consisting of demand and supply. The demand curve shows an auction principle, in such case that the person giving most money for services and articles and arts is going to get the concrete thing in the market. And the lower the price is, the more people will buy the same thing even more. A market is just a situation where you have demend and supply, and you have them for each product. The supply curve is telling us that the higher the price is in the markets, the more actors there will be to offer the product in question. And we should not always be concerned about opinions, but we should appreciate the literature, and what has been done in study programs. And of course there are weaknesses in the study programs, when requiring that colleges, business schools and universities should use all the books that are plausible in the world. And we have skills for doing many things in the societies that we are framing.

What is the weaknesses of the auction principle in many markets? The persons being there in the price competition could change their opinions from time to time. And hence, what we know today, is not what we know in the future. And people could deny to follow the different prices, or they can ignore the price mechanism in the markets. And there is not complete knowledge about things, since what you and I know are often different since we have been different places in our personal histories. But we cannot know all the effects, and all the ways the markets are operating. And we cannot be equal as individuals, and the most exciting thing is that we know different things in different ways, and if we are equally framed from nature, we just needed one person at the earth to take care of everything, like the landscape, capital and the labor. And people in the politics are not better than any other person to understand what is going on. And the freedom to move, eat, sleep, speak and write, we just have from nature and from human nature.

Many times, we are in the wrong environments when linking our knowledges and our philosophy in the right ways according to competence and background. But we are often better than the professors, and the country you are within from time to time is just a choice. And research is choices, choices, and even more choices. But we know different things in the markets, and therefore we are framing things and persons and imaginations in different ways. And nobody can tell us the truth, regardless of how much known you are in the socieity where you are. We should think and use our intellectual properties to come further in the understanding, and the ways to perceive different things. Two persons watching a football match can tell you the same experiences and some different experiences from the time they were watching the match. And nobody has ever had the right solutions in life, but there is much chaos, many confusions and many interpretations of life! Do your own choices in life, and do not let other people being the boss in your life! Do the things yourself! But we are meaning the same and the different things in life, and that is due to learning, experiences, and what the personality has been developed from time to time and from place to place.


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Sverre Larsen

Kristiansand, Norway


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