Carefree Prince In Tang Dynasty

According to the classic free market theory of Adam Smith and others, they believe that, without external interference, the price of a commodity depends on the value contained in the commodity and fluctuates around the value due to the influence of supply and demand.

Regarding the value of commodities, different schools have different understandings. What everyone is most familiar with is the determinism of socially necessary labor time. However, in fact, the concept of "socially necessary labor time" is very vague, and when it comes to careful study, it is simply an unmeasured thing. Therefore, some economists later questioned this concept, and even began to question whether the entire law of value is scientific, and derived some other theories to explain and predict price changes.

Unfortunately, Li Xin is only an engineering student. Reading books on social economics is just a hobby, and he has a very basic understanding of these particularly complicated theories. Fortunately, he doesn't need to know too much. He only needs to know one thing: For any commodity, when the supply exceeds demand, the price will fall; when the supply exceeds the demand, the price will rise.

Cui Yingying didn't understand this, after all, she had been in business for so many years. However, Li Xin's method of speculation deliberately created a situation in which demand exceeds supply. She has never heard of it, and she admires Li Xin's imagination-where did she know that Li Xin's methods are also from the capitalists of later generations. What did you learn?

It's just a drawing of a gourd, simple.

Looking at the contemplative Cui Yingying, Li Xin was afraid that this pure little girl would end up on a crooked road, and hurriedly said: "This method is not the right way to do business after all. It should not be widely promoted, but only occasionally."

Cui Yingying smiled and said, "His Majesty’s ingenuity, Yingying can’t learn. I’m just thinking, will the remaining fifty sets of ivory mahjong really only sell 120? According to the current trend. It seems that even a little bit more price can be sold."

It turned out to be this.

Li Xin shook his head and said, "No. The price of one hundred and twenty tongs is already very high. We not only do not increase the price, but also emphasize when selling that this is the last batch of ivory mahjong. There will be such mahjong again."

"Why?" Cui Yingying asked puzzledly.

Li Xin said slowly: "This was originally a speculative method. After this time, we are not the only people who find that making advanced mahjong is profitable. But, if you think about it, the cost of this mahjong is 30 or 40 in the end. It’s nothing more than money, how could it be possible to sell more than a hundred guan? Sooner or later, people will come back to their senses and realize that these are not right. So, even if we continue to do mahjong, we won’t make much money. It's better to just let it go."

He stretched out a knuckle, tapped the table lightly, and said, "Mahjong is just a gadget. I was just going to use it to make a fortune. Our real highlight is still in the tea, where it is. There is a long-term profit. If the business grows in the future, it may even be sold to the Western Regions and exchange two taels of tea for their yak and gems. This is a big deal."

Cui Yingying returned to her senses and realized that she had indeed focused a lot of attention on Mahjong during this period, and she couldn't help but nodded thoughtfully.

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