What is the wage? It is just a contract that says what people will excatly be ding? Wage is to eliminate uncertainty
What is interest? It is a price that comes from the supply and demand of the market of bankable funds.
They want something today they would eventually get later. The persuasion is the interest.
Rachel, Professor Rizzo's Wife
- 30,000 usage as a secretary, owns a building $6,000 a year - owns saving cost at bank with $23,000, pays 10% interest.
- She then opens a shop - works it for self, uses for own building, sells her savings, borrows $20,000 for ovens.
If you make the choice of being an entrapeneur, then you'll be $1,7000 richer.
If negative profit, less richer because the decision made to be an entrepreneur is not a good deal.
The change of that quantity of the pizza market has to do with the Zar. Raises the wages of the workers until that number goes away.
Profits for selling, but things change rapidly. Expensive 10 restrict competition. Prevent competition by foreign countries. Loses are key. Make people pay for sucking.
Loses destroys resources.