Treasure Magazine Treasure_magazine_7

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Treasure Magazine Treasure_magazine_7

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WHO THE REAL VICTOR IS.

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Three categories of people exist for me when talking about victors, those who struggle to win, those who know how to win and those who know how to win by making others win. Every single person you celebrate as a success story, falls into one of  these categories I mentioned. Do I still need to write or have you got my message already? It is simple, when you struggle to win, you struggle to stay a winner and almost often see everybody as a threat to your survival as a winner. When you know how to win, you keep winning but may never learn the best lessons of life embedded in relationships. You may almost always think nobody is as good as you are because you think your skill is an achievement that people can not attain or very rare people can posess. That's  not pride actually, they're just similar. However, when you know how to win by making others win, you build a transgenerational successions of winning. At this point your goal and ambition is not winning as a pers...
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Division of labour an Agent of Specialization

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Every organization that must attain Maximum productivity and effective specialization must be willing to practice the theory and concept of labour division. Division of labour is the sharing of responsibilities between people of different areas of specializations. Considering the inability of humans to be totally self sufficient there is need for labour divisions which is a product of  specialization. Take for instance,the basic needs of man are food,shelter and clothing. If a collective group of individuals where to provide these basics for themselves individually then there wouldn't only be low output but inequalities which may lead to envy and eventually cause anarchy in the society. This is true because an individual may be a better farmer at the same time a weak tent maker so he would be lacking in terms of structures whereas he has plenty of food. Since he can not ask any other person for support in terms of tent making envy is bound to arise against the better  te...
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Walrasian system

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This,is an economic system or theory that Was postulated by a political economics professor Leon walras .the system basically seeks to explain the economy based on the general equilibrium theory and marginal utility. The system is to encompass the whole field of value and price in a much more comprehensive manner than had been presented by any previous economist . He assumed perfect competition and uniformity of price throughout the given market and mathematically demonstrated that general equilibrium in such a market requires certain conditions to be satisfied listed thus: Each individual will have a utility curve for each good and service offered in the market The individual will maximise his utility through exchange and That he will obtain the greatest possible satisfaction when the prices paid in the exchange are proportional to the marginal utility of the good purchased. In general he said that the basic laws which are at work bring about the equilibrium in the market. The...
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