Pearl Essay

Name: Hoang Tran Trung (A2); Luong Tri Dzung (A1)

Article: Noodles pave The way to Success

Source: />
Principle illustrated: The 3 Fundamental Economic Questions

                                                                                                        PEARL ESSAY

      Every success begins from early firm steps. When it comes to economics, there are three Fundamental Questions which play an important role as essential orientation for starting the business: What to produce and how much? (Output mix), How to produce? (Resources organization) and For whom? (Distribution). Nguyen’s success with pho noodles in this article will give us a closer look at the first principle of economic.

      To understand each question is mainly discussing about, we have some easy illustrations. The first question tells us about what services we derive from natural resources and about our decision, the comparison of costs and benefits. The second concerns about the issues or technology, pollution and harvest techniques…. Lastly, the examples for the third are price allocation, providing for the rich, subsidizing the poor…All those questions had answered by an ambitious woman with her passion in making pho…

      Born in a family having tradition in making noodles, Nguyen soon approached with traditional process which takes very long time. After having business with advertizing company, she finally focused on making noodles. She started with drying-machine in the market. However, it did not meet the demand of buyers. Then, she decided to make her own machine with the surprising speed: it takes only one minute to complete the process and the noodles could last for a long time. Her company started to produce various products of noodles and sold them widely.

      Nguyen’s business is the excellent example to illustrate three Fundamental economic questions. Firstly, Nguyen determined to provide pho...