Page 19 - 10-21-2019 Final English Edition, the Book with Ch. 46 Added by James H Hong. (1)

sports / animal sports, power generation methods .) (Animals
turning electricity generator, power generation method)

4.15 Taiwan China ECFA Free Trade
1. ECFA, free trade between China and Taiwan: (prevented
(Stopped) by protesters):: (I: 1. Imports help consumers, hurt

domestic producers of similar goods; exports contribute to or
help domestic production; 2. We need to do Big data free trade

agreements in related industries, companies mentioned in
market research. We need to ask some questions: How many
suppliers are there? How many consumers? Income? We need to
ask about Imports and Exports.

4.16 Money cycle
1. A good economy requires more and more funds to transfer

If you can share money with a lot of people, then this is a good
economy.
Let the money flow through the loop.
A=> B => C => A

4.17 Blind spots on the supply Curve
Supply Curve claim

Supply: The more expensive the price, the more goods people
sell.However, when the cost is high, even expensive goods,
people may not sell because of the reduced profits.
Therefore, the willingness to sell should look at profits, not

prices.
4.18 Accounting blind spots

accounting:
1. When an asset cannot be sold, the owner of the wealth is still
wealthy according to the accounting, wrong! The owner is very
poor.

2. Asset = liability + SE. More debt, more wealth, according to
accounting, wrong!
3 The cashier does not keep the sales record, so where does the

sales record come from?