3 ms·
And thus, benefits from trade.
by johnaspden 16y ago
And thus, benefits from trade.
- hammmatt 16y agoBenefits from trade are a good notion. However, some trades are completely unfair. Example, Native Americans trading the island of Manhattan for a few dollars of beads. Even though it is great business. It is immoral to me to lie about the value of a product. Just as it would be immoral to lie about it's functions. However, I can easily empathize with people who try to get the best deal for themselves/their company.
- ArturSoler 16y agoNative Americans sold Manhattan for $24 in 1626. It may seem a low amount, but invested at an annual 6% that would be over $125 billion today.
- cma 16y agoAnd yet still worth less than Manhattan.