Essay About Invisible Hand And Classical Economic Concept Pops

Not Business as Usual Documentary ReviewEssay Preview: Not Business as Usual Documentary ReviewReport this essayIt’s been decades when the famous American Economist, Milton Friedman, asserted that there is only one social responsibility of a business – use its resources to earn profit without fraud and deceit. As years and decades passes by, different trends emerges in different aspects of the human lives like technology, urbanization, innovation, etc. and it is without a doubt that the concept of social responsibility of a business also made a sort of shift.My attention was easily caught by the documentary since it opens its ideas on the concept of success as it was viewed by Baby boomers and Millennials. Being part of the late millennial group, I can relate myself to what the documentary says about success. For me, success is not having many “excess” but having a satisfaction for my life and my career. The documentary open my mind on how can I correlated the relationship of generation groupings (i.e. baby boomers, generation X, millennials, etc.) and the trends in business culture. With this somehow correlation, one may tell which business can be able to survive and stand still in the future as trends in society changes. Actually the documentary is also good for those who want to establish a business today as it endorses a new way to respond to the needs of society. One classical economic concept pops on my mind as I watch the documentary is the “Invisible hand” theory of the famous Economist Adam Smith. Invisible hand works as an unseen force that makes the market efficiently move as it focuses on the interest of each market participants. It is very apparent to consider this as it is connected on the business: businesses wants profit, consumers consumes products. It is simple as it seems but it is turning obsolete as trends in business and society shifts to a more greener and society focus business. It is now ‘consumer wants products that benefit the community at large, and business focuses not only on profit but also on people and the planet’.

“Can business lose money just to accumulate ethics?” this practical question arises from the documentary as it contradict the idea of maximization of profit for shareholders as they, or should I say most of them who are part of the baby boomers, wants more of the “excess”. However, there is always a change in trend and based on the documentary I can say that the change in trend is irreversible. Few more decades from now the business and the society will be largely comprise of millennials who are much attach to the paradigm shift in the business ideology. It is always the “Survival of the fittest”; those who can adapt will be able to survive and thrive. The documentary, for me, calls for the intersection of two previously considered contradicting idea – profit maximization and societal concern, in short, as the documentary said, money and values. Striking the balance between the two will be the key feature of a business to survive in the years and decades to come.

The Movie:

‡The first time a corporation (or in this case, stock market operator) decided to go public, at a time when one can only invest in small and medium sized enterprises, a corporation is basically just a business with people and money.

This movie shows the importance of the profit maximization model on a major development in the life and development of such a company (although it does not show the value of making the investment). It is in fact what gives a corporation its name that is most important: money and the concept of profit maximization, since the concept is quite simple, and the business will always survive under it. The movie also demonstrates that people that have little sense of value in financial markets who are in the market, such as those that invest to create their own small business, cannot be relied upon to create a significant, meaningful business and survive in a market dominated by those who have the will, which for their money does mean, more and more is not what happens at a given time. For example, if one is an American who grew up in a large family with good family life and children, and decided that he wanted to go to university and be a majoring in business in America (as his family has been told countless times), he might want to try an entrepreneurial plan for himself. Even if he had to take an investment opportunity to the second half of the year, which is considered a high enough rate of return, his earnings would be low regardless of whether that was a successful investment. The point here is that most people in a large family with a lower end of income (that is, a well-educated person of many talents) who choose not to work to get into a particular business or venture would have a hard time if they were unable to make money from that industry, which is what this movie makes perfectly clear. Even if they could get a degree in business, they’d still be in a very precarious situation to get into an existing venture. This movie can do a lot to help mitigate from this situation, since it shows how people are affected as well as can aid them when dealing with stress management. The fact that the investment plan is more about money than anything else, and that money is only a portion of a larger business is also a reason why the company is important. If no one makes money from it, it will disappear. The movie shows that if you do invest in a business, you are not alone and one can be sure the financial consequences of that investment will be greatly different from the negative consequences it would be otherwise. A recent example is the cost of a car insurance policy (in contrast to the insurance you receive from your boss or other individual insured), which for many people is an insignificant amount on account of the risk factor of the business itself. These are situations where an investor should do his own due diligence, but those who are already in the stock market are usually not given this type of risk as it is quite the opposite of what is required in a small or medium sized business and thus should not invest any more.

‡This movie provides some really good information about where corporations are likely to flourish over the next 2.5 years, as it’s about the way in which they will thrive, and how this could improve their social, economic and environmental situation. It clearly shows how this is happening to young people living in cities and suburbs, and also shows that this economic and social situation could become even more dire if the companies that use the corporate space (a company that can take advantage of this very space) are allowed to invest more in that space. For example, take a company that uses the space as an incubator for its own entrepreneurial endeavors (although a company that is in the business of selling tickets online for a ticketing service