Search the Community
Showing results for tags 'burger business'.
https://loopvids.s3.amazonaws.com/Jan05Post.mp4 A very helpful metaphor comes from Adam Smith. The guy who wrote, "The Wealth of Nations," way back in 1776. The metaphor is one that is almost always misunderstood. It describes how pricing works in a relatively free economy. How people only need to know the price of something, and everything else will kind of fall into place. For example, suppose you sell burgers. You've got a decent burger restaurant and have a decent stream of customers. But you've noticed that in the past couple months, the price of