Peer review
The author first starts this article by discussing how working in groups particularly very large groups can struggle to form a symbiotic relationship. If you have a group that is too large you may come across the issue of some people not pulling their weight and simply benefitting from the work of others.
Another thing that the author discussed is what Bylund refers to as the separation of production and consumption. The author of this article even provides an interesting example that has to do with fashion and cars, I thought this was a funny example, but it also does an excellent job of sticking in your head so that you grasp a full understanding of the concept. As the author explained a person can spend their whole life studying one subject, but that does not mean that the person lacks the knowledge to go out and buy something that does not pertain to their field of expertise.
Another point of Bylunds that the author discusses is the relationship between need and want., this is important when looking at entrepreneurship because in order to find a lucrative market you need to understand what people want to spend their money on. This is also important for the exchange that there are products of all kinds so that anyone may find what they wish to trade for. This system is extremely important for the economy, in fact, it is a lot like how the first people handled their economy. Because there was not a currency people would trade item for item. And if they could not find what they were looking for they would look and work until they found someone they could trade with. This is why it is so important that we have so many different products because everyone wants something different and without the variety, we would not be able to have the economy that we do.
In short, the author of this article does a wonderful job of explaining why the economy we have needs the relationship between product and consumer because without it our world would be vastly different than what we know.
Sort: Trending