THESIS ON THE MARKET

[valecu 2017]

THESIS ON THE MARKET

 

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UNTO THE ENLIGHTENED AND THOSE NOT SO;

 

The market as an entity of the economy is one of the most outstanding innovation of the Descendants, as from the moment of their creation they have played as the driving instrument behind the purse of the low peasant and chancy state treasuries, due to its connection between consumption and production. It is a part of the financial sphere, in which resources and goods are being exchanged and distributed between economical subjects, in most cases the seller and buyer. The functioning of the market is articulated from the influence of the main market powers, those being the demand, supply, competition. As a result of this impact and interaction the mechanism of price creation is defined, together with the distribution of resources and goods and the actions of the economical entrants, all of these establishing a certain economical order.

The market may be arranged by classes, depending on whether the state interferes or does not, those being the free market and the state-guided market. Furthermore the object of exchange, those being the market of products, the market of resources and the market of funds. The first of those mainly dealing in exchange of goods and services, intended for immediate consumption. The second of those is mainly dealing in exchange of production factors, whilst the third of those mainly dealing in currencies, coins or gold. Lastly exists another classification based upon the location and size, as one market may be local, national or international.

 

The heart of the market system is its structure, or construction. Formed by the interaction between the buyer and seller and their competitive behaviour in the market. The competition is a rivalry between the economic agents, buyers and sellers pursuing the same goals. It is the most distinctive feature of the market economy and its presence contributes to the improvement of the quality of goods and services and to reduce their prices.

 

“And you shall discover the strength of heart as you work the forge and the plow.” (Virtue 4:7)
 

SCRIBED AND PUBLISHED;

In the Arancione Palace, 

12th of Godfrey’s Triumph, 1934

 

HIS LORDSHIP, John Auguste d’Arkent