coconut oil memory Are you thinking of starting your own business, but concerned with the price? A smart move that could save entrepreneurs money with all the latest technology is working virtually-from the comfort of your home. When you think of starting your personal home based business, the first thing that arrive at your head will probably be time savings and funds while spending plenty of sparetime with the fam as well as the flexibility of developing your personal schedule. 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. Understand different connotation of interest rates, will help us for the financial concepts of interest rates has a more deepen understanding, especially the formation, change and derivatives need to be determined by the market, this is a very key factor. Two extremes can be envisaged. In an extreme case, each production is done by a single individual, such as a person making a car. In this way, the person is going to trade with a lot of intermediate goods suppliers, and also to trade with the demanders of their products. In this case, all transactions are conducted through the market in many individuals. In another extreme cases, all the production in the economy in a large enterprise, such as the complete car was produced in the enterprise interior, don't need to make any intermediate products trading market. Therefore, the same transaction can be conducted either through the organizational form of the market or through the organizational form of the enterprise. Companies exist, or companies and markets coexist, because some transactions cost less in the enterprise, while others cost less in the market. Why?