I completely agree with the section you wrote titled “The How of the Market”, you also brought up some concepts that I did not think of. First, you stated that if someone is not benefitting from the market then they will say that it is not working. This is extremely accurate and is true in many cases. Not just the economy and the market. For example, in government, many individuals disagree with bills and laws that our federal legislators and local officials pass. This does not mean they are doing a bad job or that they are not qualified for the position they have acquired. They simply just have a different viewpoint that someone disagrees with.

”Understanding the market means knowing that it runs essentially off us a society.”

The market absolutely exists because as a society we exchange goods and services for something of higher value to us. Whether that be an exchange of different goods, other services, or even just money. These things hold a higher value than what we are “giving away.” If we were all completely self-sufficient, the market would have no reason to exist and therefore would no longer be beneficial to us. Entrepreneurs have made it their mission to provide goods and services that mean more to consumers than the money they will be trading. They want to create items and services that are highly sought after.

”Products within the market gain and lose value daily,”

I believe that this has always been true and will continue to be true. Just like products, stocks rise and fall daily. There is no way to predict it. Entrepreneurs must keep in mind that their products and services may be very popular one day and not the next. Or, a competitor may provide the same thing at a lower cost. To be an entrepreneur you must face many challenges daily.

I completely agree with your conclusions in this paper. The market would not exist without us, and it affects each of us differently. Without the market we would have to be self-sufficient. We would not be able to get goods from other areas in the country. Meaning, states in the Midwest would have a hard time getting peaches, normally grown in Georgia. To put it simply, the market keeps our society running and without it we would be lost.