Forum Posts

mr7392630
Apr 12, 2022
In Welcome to the Forum
In addition, we should also pay attention to a variant of hoarding, consumer durables is also a hoarding, which hoards inventory to customers. This consumer product is consumed in two ways: normal breakdown (depreciation); Replacement. The first consumption method is extremely slow, but the second consumption method is much faster, once a few years, or even once a year. In the modern economy, the consumption of replacement (creative destruction) is particularly important. Once the upgrading is blocked, the consumption speed will jump to the first mode, that is, the economic growth slowdown. You can compare, how often did you change your phone a few years ago, and how often has it been recently? Supply can create telemarketing list its own demand. - Jean Baptiste Say If Schumpeter's theory (dynamic) and Say's theory (static) are combined, the sentence has different connotations. Durable goods in the hands of consumers need to be destroyed by creative supply to create new demand. Therefore, the main contradiction of modern economic growth is not on the demand side, but on the supply side - simply building roads and building houses cannot effectively solve the problem of aggregate demand: a new house (the homogeneous repetition of the demand side) cannot destroy another new house. house, but a phone with a better style and newer features (an upgrade on the supply side) can destroy an old phone. Therefore, consumption relies heavily on innovation and creative destruction, and innovation is the inexhaustible driving force for telemarketing list economic development ( not printing money or building pyramids ). Profits come from irrationality After talking about the proposition of creative destruction, I have to go back and mention the proposition of irrationality. Economics textbooks are full of rationality and assumptions of rational people. But real business operations are deeply rooted in irrationality . Customers want to cover their wallets, but merchants use various routines to make customers desperately consume. Some time ago, a classmate of mine also discussed with me, what industry is the most profitable?
0
0
1

mr7392630

More actions