Wednesday 22 October 2014

7000+ Chinese Officials Busted in Mahjong Gambling Crackdown.

Mahjong GamblingCHINA: Some of the punished officials were playing in fixed matches against rich business men and were "allowed" to win in order to collect the bets, in effect accepting bribes sometimes exceeding 100,000 yuan for just one match.

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Joseph Edward's Theory of Market Ecocomy con't

Simple economics. An example is, McDonalds is the biggest fast food chain in the world, but there are many players which emerge to compete, some will succeed, others will fail, there are the Wendys and Burger King, get the idea ? The monopoly in a perfect competition in free market economy is almost unheard of. Even with corporate giants such as McDonalds.


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