December 19th, 2007 Vitaly Grinblat
On our way to drop off my daughter to school, she started asking me why did I put my card in when I was getting gas. Try explaining it to a 5 year old. I explained to her that it’s a way to pay for gas so that our car can run.
She then went on to ask why do we need to pay for gas? (Good question) So I tried giving her an economic lesson about exchanging of goods and services, and how my money that pays for the gas allows the gas station owner to buy things he needs for his family and the money he spends in the store allows that person to buy services from me so that we have money, and so on.
And as I’m explaining all of this, as simply as I possibly can, I started to think about marketing and economy. And the fact is that without marketing and businesses we wouldn’t Read the rest of this entry »
