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Are the so-called advantages of small business really advantages Wouldn and rsquot every small-business owner like his or her business to grow into a large firm?

Updated: 9/27/2023

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Q: Are the so-called advantages of small business really advantages Wouldn and rsquot every small-business owner like his or her business to grow into a large firm?

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Continue Learning about Economics

What wouldn we not have without economics?

Without economics you could satisfy your needs like food, water, clothing and shelter only. But the enormous demand created by every individual today is the soul existence of economics. If these wants were never created in history then economics would not have played a major role. With the evolution of mankind, certain intellectual guys practiced the 'guy with the hammer syndrome'. They brought into existence(with good intentions) a methodology to bridge the gap between scarcity(supply) and requirement(demand) in the most efficient manner. They had the hammer and thus shaped the thinking of the rest of the world. If they had a complete tool kit, maybe then they would've encouraged every person/country to be self-sufficient with their resources, rather can creating a demand for more. Technology advances and more breakthroughs in every field plays an equal role for creation of demand. If mankind is satisfied with what they already have then economics can take a back seat. There probably would be lesser gap between the rich and the poor and more peace in the world if we weren't greedy.

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