what is meant by profit and loss account Edwards and bell's point of view First of all, the earnings of the fund in 2017 are in an uncertain environment. The first half of the market is in a period of "cash shortage". Towards the end of the year, the central bank started to fight for the "money shortage", so monetary policy eased and interbank money market rates fell. As a result, yu 'ebao's yields suddenly fell below the 4 per cent mark. No 2 different people can be be extremely alike. One person will require to outgoing activities while the other would like those things that one can pursue in your own home. Even when looking at friends, we got to know that all the buddies that we have will also be different. Friends themselves have different tastes and very different likes. Profits of socialism and capitalism have substaintial distinction, is it to create value for the society, in order to expand socialist reproduction and improve people's living conditions, is the socialist accumulation and the main source of social consumption funds, is to measure and evaluate enterprises an important indicator of economic activity. 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. Competition refers to the economic subject in order to maintain and expand their own interests and take all sorts of behavior, the behavior of self-protection and expansion efforts in product quality, price and service advantages, varieties, etc.