Well know about Economic Laws(II)

The Matthew Effect

The Gospel of Matthew in the New Testament tells a story about a king who gave each of his three servants a ingot of silver before he went on a long journey and said “Do business and see me when I come back.”Steel Pipe Suppliers

When the king came back, the first servant said “Master, I have earned 10 ingots of silver you gave me.” So the king rewarded him with 10 cities.

The second servant reported “Master, I have earned five ingots of silver you gave me.” So the king rewarded him with five cities.

The third servant reported “Master, I have been wrapping a silver ingot you gave me in my handkerchief for fear of losing it. I have not taken it out.” So the king ordered that the first servant be rewarded with a ingot of silver from the third servant, and said, “Whatever is small, even what he owns will be taken away. If there is more, we should give him more and make him better.”

This is the Matthew effect, which reflects a common phenomenon in today’s society, that is, winners eat all. In sociology, the Matthew effect (or accumulated advantage) is the phenomenon where “the rich get richer and the poor get poorer.”

Wine and Sewage Laws

An interesting law in management is called “wine and sewage Laws”. It means that a spoonful of wine is poured into a bucket of sewage to get a bucket of sewage; a spoonful of sewage is poured into a bucket of wine to get a bucket of sewage.

That is to say, it does not depend on the amount of sewage, as long as it exists, it will cause a whole damage. In almost any organizations, there are a few figures, who it is hard to deal with, who seem to exist to mess things up. Worst of all, they are like rotten apples in the fruit box. If they are not handled in time, they can quickly infect and destroy other apples in the fruit box. Worst of all, they are like rotten apples in the fruit box. If they are not handled in time, they can quickly infect and destroy other apples in the fruit box.

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