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kacak15348 | What are the first basic things to understand how trading/marketing/economy works? |
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UrbanMan USA
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If you have a strong basic understanding of human motivation (also known as greed), then you are well on your way to understanding economics, trade transactions, and marketing. In any exchange, or service transaction, each party is trying to get the best deal, or earn something, for themselves. Sometimes, this goes too far, leading to unethical, unscrupulous or even criminal behavior. In looking at any scenario, you always have to ask, what is each party trying to get? What is success from each party's point of view? |
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sandy
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though the three things are related conceptually and academically they are three different subjects. u can undersatnd them independently. u can understand economy by picking u any high school book that deals with economics. the starting pijnt will be the diffrent types of economies, GSP, GNP and then u study supply and demand, costs and price, inflation and recesiion etc...
to study trading u need to undersatnd internation business. it has got much to do with law and taxation policies.
to undersatnd marketing, pick up Philip Kotler text book. it is famous one. u can find it every where. so start reading. i bet u only ill know what the concepts are in marketing but unless u do case studies, u cant appreciate the concepts u learned in marketing.
so in case u have any doubts contact me. sandeep_1026@yahoo.com
bbye
gud luck |
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melbonds4042
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buy low, sell high |
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swordfish
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Needs,wants,availability of resources and how to optimize resources are basic economics.Also demand and supply law and curves help determine pricing.These concepts ned to be understood first to better understand how trading/marketing/economy works. |
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dzeng
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Needs. People always need something from others. That's why they trade. |
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damaged_soul
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1st - u have to understand the what is trading, marketing & economy.
2nd - understand what is the nature of ur business.
3rd - do research.
4th - not working? study more... |
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