rolls royce motor cars vancouver The market is the condition that Commodity Exchange is carried out smoothly, it is commodity circulation domain all Commodity Exchange activity total. The market system is made up of all kinds of professional market, such as goods and services market, financial market, labor market, technology market, information market, the real estate market, cultural market, a complete system of tourism market, etc. At the same time, each professional market in the market system has its special functions, which are interdependent and mutually restricted, and work together in the social economy. In the face of market failure, coase has given the opposite answer: external-utility problems can be solved by explicitly using the market, without government intervention. And zhang wuchang is more absolute, he said that there is no so-called external utility, there is only unclear property rights. Anyway, coase brought revolutionary innovation to market concepts. He made it clear that the key to the market was not the "price mechanism" of impersonal machinery, but the power of participants in economic activity. In the 1920s and 1930s, the great depression forced western economic theorists to reflect on the definition of the market. The final answer is completely laissez faire is not enough, the invisible hand sometimes does not exist, market failure, government should be on economic activity on the "total" intervention, so "macroeconomics" was born. Roosevelt also accepted Keynes's proposal to impose a "New Deal" on government intervention in the economy. It has now formed the world's most consensus-building government: fiscal policy, monetary policy, and, of course, none of these "new" policies. People in the choice is to hold their currencies, or hold a certain foreign borrowing money, the first and want to hold what kind of currency brought him great benefits. And the yield of currencies first is measured by its financial market interest rates. This sharp reversal contrasts with the flattening of the previous yield curve. Economist lynde hull explained that the benefits of capital in different periods of time would be interest. According to linde hull, interest in a specific period and the difference between the expected consumption is savings (during the period of the growth of capital), and returns the sum of consumption and savings are given period of time.