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Blog Business |
 Economics:
the method by which people allocate scarce
resources, transfer wealth and make a
living, along with producing goods and
services.
Here You can find the many types of Economics
Southern New Hampshire University |
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Last Updated 7/7/2024 |
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The Babylonians and their nearby kingdoms
developed the first idea of money, the Lydians in
about 700 BC created the first coins. The
Mesopotamian Shekel was the first form of currency.
Many times trade was the exchanging of goods,
livestock and sometime people or land. Modern
economic systems involve major corporations, small,
medium and large business, all dealing with
supplying individuals, governments and military
necessary and vital goods and services.
Unfortunately what business has today
developed into a system where the customer is
secondary and the bottom line of profit has taken
center stage. Corners have been cut, workers have
been eliminated, cashers are becoming endangered
species and prices are increasing at a rapid rate. |
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My Views |
| 1. Trying to find a product
or getting help with a
defective product has become a formable task.
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| 2. Products, either online or in store, are
often of poor quality, in short supply, inadequate
or expensive. |
| 3. Store personal are many
times, rude or have very little knowledge of
their companies products.
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| 4. Stores are relegating the
acquisition of products and services to AI, their
web site, Amazon or other internet providers. Thus
the customer has no method of judging the quality of
the product/service and limiting the resolution of
any issues. |
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5. Services (including home
repair) are often hard to find, of poor quality, inadequate, or
expensive.
6. Out sourcing of customer service to texting,
emailing, AI, foreign nationals, chatting on line are in many instances
difficult of poor quality or non existent.
7. Rapid increase in merger accusations of business
and services has contributed to limiting supplies,
products and increases in prices.
8. Governments are taking little or no actions
preventing mergers and price gauging.
9. Conmen (and women), scammers, pseudo experts and
thieves are filling in where business have withdrawn
or limited themselves from the market place.
10. We need to in improve supply, discourage mergers
and price gauging. Develop a system in which the
customer becomes the primary in economic
development.
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