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Markets I, Pencil. April 21, 2014. Watch the following and answer the questions below. Keep your answers short and sweet. 1 What does it mean that no one knows how to make a pencil? 2 What does it mean that a pencil is made with no mastermind? How is this possible? 3 How does the making of a pencil reveal spontaneous order? 4 What does it mean that no mind could contain the knowledge that exists in a market? 5 List a few ways that markets connect us. 8 What is creative destruction? March 27, 2014.PARSED CONTENT
The site had the following in the homepage, "Watch the following and answer the questions below." I noticed that the web site stated " Keep your answers short and sweet." They also stated " 1 What does it mean that no one knows how to make a pencil? 2 What does it mean that a pencil is made with no mastermind? How is this possible? 3 How does the making of a pencil reveal spontaneous order? 4 What does it mean that no mind could contain the knowledge that exists in a market? 5 List a few ways that markets connect us. 8 What is creative destruction? March 27, 2014."