The way you formatted this essay really helped me understand each point of your arguments. I enjoyed reading this essay and understanding what your view points were! You went into so much depth with terms and it really helped mw understand the definition more!
The economy is about how entrepreneurs create services and products to satisfy the needs and wants of consumers. The economy is not a thought-out plan, rather it is something that comes about when humans create and interact with others.
I totally agree with this quote. Without entrepreneurs the economy would be nothing because they would not have any products or services to sell to the people. The economy is all about what the people want and needs. I agree with you saying the economy is not a specific plan. I feel like the economy is constantly changing that there is no way it could ever have a consistent plan. The economy is all the wealth that the government gathers from all the products and services that entrepreneurs produce.
I agree with with your point about how there is much uncertainty when it comes to producing a product. Sometimes when we produce a product things don't always go the way we want them to. There is so much that goes into producing the product and I don't think we realize that.
Entrepreneurs have to provide services and goods that will satisfy consumers. They have to be creative. If they produce something that already exists at the same price of the original product, what will make consumers choose their item?
I completely agree with the above quote. Entrepreneurs have to know what the trends are and what's in, in order to make a profit. Entrepreneurs have to make products that are eye catching to the customer. Entrepreneurs have to think outside the box when making a similar product. People get easily bored nowadays so when you want to produce a product you need to make sure it's different and creative.
This essay was awesome to read and opened my mind to seeing how much entrepreneurs effect our economy.