Economics is about demand and supply. Price is a function of supply and demand. As I listened to the stories in Basic Economics by Thomas Sowell. It is so much commonsense. If the demand go up, price will go up until supply meet demand and then it will stablise. If supply exceeds demand price will go down. Companies are subject to the demand and supply. If changes in the environment are not met, companies will lose business and profits.
I feel I am listening to a business book. The illustrations and examples however is like driving with a rear view mirror. It still take an entreprenuer to come up with a new system, product or service to grow a new business and dominate. Will I ever be an entreprenuer? Only time can tell...
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