sesame oil The market can indeed be described as a laissez-faire pricing mechanism. However, this price mechanism does not operate in a vacuum, and does not work effectively in any social system. The basic premise of the efficient operation of the price mechanism is the implicit assumption of Smith: to recognize individual "lusts" and to clear and protect individual property rights. Clear and guaranteed personal property is the basic premise of market existence. It is necessary to recognize the personal "lusts" and to ensure that individual property rights are supported by the corresponding institutions, which are not in our society. 3. The cost of accounting earnings is listed in historical cost. Due to the current accounting practice in the enterprise asset is measured at the historical cost in, with the cost nature is the historical cost has been derived from the law of the transfer, so as to determine the income is an important factor in the cost and the historical cost. Any plan includes some elements. One of the first decisions to make is to use the money to do foreign exchange. How much money is actually used depends on a lot of considerations: the first is a trader's motivation, and if it's just to try or play it, it's better to have less money. The other is the enterprise of the trader, who is willing to take much risk to make money. A related factor is the age of the trader, because it involves his family, health, seniority, and his family's attitude to his speculation. These are not insignificant factors. In summary, the most basic point is that traders should not risk the loss of a potential loss commensurate with their importance.