Daming: Old Zhu, we agreed not to rush!

Chapter 36 The Invisible Hand

Lishui County.

Su's cloth line.

Zhu Biao is greeting the customers who enter the store. Compared with the jerky at the beginning, he has improved a lot now.

Facing different guests, he learned to use different attitudes and tones.

This is something he could not learn in the palace.

Because of the status of the prince, everyone respects Zhu Biao.

Everyone revolved around him, and everything was done in one sentence.

But here, he is just an ordinary guy.

Even because of the status of Su Jing's disciple, the shopkeeper Sun Ping and other staff will take care of him a little bit.

But the customers who come here to buy cloth will not.

Zhu Biao was deeply touched.

The poor, the rich, the officials, the honest, the cheap.
In the front-line sales position, he has encountered almost all types.

At first, he was still a little uncomfortable.

Now, I'm used to it.

And at night, it was time for Su Jing to teach him.

Zhu Biao felt that his life was extremely fulfilling.

The previous obsession with the eternal power of the Ming Dynasty has also dissipated a little.

In other words, it was distracted from this aspect.

"This Su Jing actually asked my son to be a cloth assistant!"

Outside Su's cloth line, Zhu Yuanzhang found a seat opposite the door and was observing his son Zhu Biao.

Although he had just promised Queen Ma, when he saw Zhu Biao greet the guests, his blood surged up.

But he didn't show up in a hurry, just watched silently.

In the past, Zhu Biao's situation in Lishui County was reported by Gong Weilang. Now that he has the opportunity to see it with his own eyes, he naturally doesn't want Su Jing to know.

The sun rises in the east and sets in the west, and the cloth line is about to close when it arrives.

Su Jing arrived on time before closing the door.

"Master."

"Master Su."

Shopkeepers Sun Ping and Zhu Biao both bowed slightly towards Su Jing.

Su Jing said to Sun Ping, "Give the ledger to Niu Yi, and then you can go back first."

"Yes, Master."

Sun Ping immediately took out the ledger, and then left Buxing.

Su Jing looked at Zhu Biao and said, "You check today's accounts."

"Yes, Master Su."

Zhu Biao nodded, and then began to count the accounts of the day.

As a businessman, this is the most basic skill.

In Su Jing's case, counting the accounts is not just a matter of checking the sales amount.

After almost a stick of incense, Zhu Biao finished counting the accounts of the day.

"Master Su, it's finished."

Zhu Biao handed the ledger to Su Jing.

Su Jing didn't open it, but asked Zhu Biao:

"Yesterday we learned about market regulation, but we haven't had a deep understanding yet. Let's talk about market regulation today."

"Niu Yi, what do you think market regulation is?"

Zhu Biao thought for a while and replied: "Market regulation should refer to changes in the price of goods."

"It's like our cloth shop. The prices of various types of cloth will be different in different seasons."

Su Jing nodded and said: "Yes, it seems that I let you see the accounts of the past year, and you have read them carefully."

"The general meaning is correct. In summary, market regulation is the spontaneous regulation of economic operations by the law of value, and the core is the relationship between supply and demand."

"If you look carefully at the accounts of the past year, you will find that the price of satin will rise when the stock is out of stock, and vice versa. This is a manifestation of the relationship between supply and demand."

"If the supply of a commodity exceeds the demand, the price of the commodity will naturally fall under the market adjustment, and when the supply is less than the demand, the price of the commodity will naturally rise."

"This is the law of value, and it is also an important reason why the price of a commodity does not match its actual value."

Zhu Biao carefully understood Su Jing's words, and his eyes gradually became clear from doubts:
"Master Su, isn't it that rare things are valuable?"

Su Jing smiled and said: "There is no problem with this understanding, but it is too one-sided."

"The factors that affect the relationship between supply and demand are not as simple as the quantity of commodities."

"It's like the price of linen a year ago. At that time, other cloth shops were twice as expensive as Su's cloth shop, but sales were still very good."

Zhu Biao replied: "I know this, because those cloth shops have united to raise the price, and the people have no choice but to buy."

"Thanks to Master Su's appearance, the poor have clothes to wear."

Having said that, Zhu Biao saluted Su Jing again.

Su Jing smiled and said: "I only do small things, and what I can help is only the people around Lishui County."

"Because my ability to participate in market regulation is only so small. If I can formulate correct policies, then the people of the entire Ming Dynasty will benefit."

Hearing this, Zhu Biao's eyes lit up, and he said immediately, "Master Su, what kind of policy should that be?"

Su Jing glanced at Zhu Biao and said, "Then you have to understand market regulation first."

"Also ask Master Su to teach."

Zhu Biao asked immediately.

Su Jing looked at Zhu Biao's serious appearance, and said with a smile, "You are eager to learn, but you are just too anxious."

"Let's go to eat first, and chat slowly at the dinner table."

Soon, the two arrived at Jinling Hotel.

Same location, same private room.

It's just that there is an extra eavesdropping Zhu Yuanzhang next door.

"Your Majesty, you can hear me more clearly this way."

Gong Weilang took out a cone-shaped wooden receiver and presented it to Zhu Yuanzhang.

As the predecessor of Jinyiwei, the Gongwei Division, various monitoring props have already taken shape.

Zhu Yuanzhang learned to use it for a while, and then waved his hands to make the others retreat.

Su Jing, what have you taught my son, I want to listen carefully today.

Zhu Yuanzhang propped his body up, put his ears on the receiver, and the receiver was leaning against the wall. His posture was a bit indecent, but he didn't care.

Zhu Yuanzhang cared most about what Su Jing taught.

Wouldn't it be another theory of the collapse of a dynasty?
"If you want to understand market regulation, you need to know that there is an invisible hand in the market itself."

Su Jing said lightly.

This is a cornerstone of modern Western economic theory, very refined and accurate.

"The invisible hand?"

Zhu Biao looked puzzled, and asked curiously: "What does this hand refer to?"

Su Jing, what the hell are you talking about?

Unlike Zhu Biao, he didn't get in touch with all kinds of novel terms for a long time by Su Jing's side, and for a while, he only felt that Su Jing was playing tricks.

Su Jing explained: "The invisible hand means that the free market looks chaotic and unrestrained on the surface, but in fact it will be guided by this invisible hand, and the market will automatically adjust to produce the correct amount of products and The allocation of resources will naturally be allocated to the best state.”

"The supply and demand relationship I mentioned before is actually a way of adjustment by the invisible hand."

"Of course, this is only limited to the ideal state. In the actual market adjustment process, it is not always the case."

　The author's cultural level is not high, please forgive me if I make a mistake.

　　In addition, follow-up reading is very important, very important!

　　
　
(End of this chapter)