oil company
Back to Top

oil company

China's understanding of the market is mainly based on mechanical reference to western economic theory, but it ignores their assumptions and implicit assumptions. China's so-called mainstream economists' understanding of the market is more of a new classic. In other words, the market is an efficient allocation of social resources pricing mechanism. Although China has introduced new institutional economics, it has not read the meaning of "property rights", and mechanically believes that property rights are based on "stock of property". It said the budget crunch was necessary to undermine Britain's fiscal position in the wake of the 2008 financial crisis. But the fund questioned whether the fiscal sector It is not obvious in some analyses, but it is important to note that economic profits include opportunity costs. The profit of an entrepreneur (normal profit) is usually positive, but economic profit can be either positive or negative (loss). That's why the opportunity cost is included: in a completely competitive market, when marginal cost equals marginal revenue, profit maximization or loss minimization conditions arise. If the market price is lower than the total average cost, which means that the economic profit is negative, the entrepreneur needs to compare the value of the loss and the average variable cost. If the business continues to operate, the negative economic profit must not be lower than the average variable cost, otherwise the entrepreneur would rather shut down the company than continue to take the loss. According to the company's website, the company mainly engaged in import and export trade finance, trade, insurance intermediary business, financial institutions and foreign exchange hedging and risk management related business. The company claims that its low-latency, high-frequency forex trading platform is driven by artificial intelligence and machine learning technology.