A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
Although it is not possible to draw a conclusion due to insufficient study, scholars are examining “Is it really fair that humans are rewarded according to their abilities?” and the results suggest that luck and community support are decisive for success. Of course, one cannot ignore or disparage an individual’s abilities. However, it is more accurate to say that they have a limited impact on success. In humans, parental influence —namely, genetic and environmental factors —emerges as the most important aspect according to the study results. The issue is that no one can choose their parents. This is the fundamental reason we must remain humble. - Joseph’s “just my thoughts”