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- 2022-10-17
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- 1970-1-1
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1st:personal interests do not get involve with market trade and market price. AS recognized that the exchanges are controlled by " invisible hand". In real trading, individuals will act as if they care about others.
2nd: market prices will guide everybody to know what others want. Producers try to produce high demanding product in least costly way. Customers consume with changes of price.
3rd: taking energy marketing as example, besides temperature preference, customers will use electricity depending on electricity rate.
4th: furthermore, these decisions in turn also influences the decisions of others. For example, the consumption of electricity will influence the price of aluminum.
5th: even though, people may have little knowledge about how rate goes, but they will make choice to more valuable and cheaper items. |
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