Warsaw, Poland

Gas Purchasing Academy – How to Buy Wisely in a Volatile Market

Akademia Zakupu Gazu – Jak Kupować Mądrze na Zmiennym Rynku

Table of contents

Gas Purchasing Academy – How to Buy Wisely in a Volatile Market at Kozminski University

Language: Polish Studies in Polish
University website: www.kozminski.edu.pl/en/

Definitions and quotes

Academy
An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary education, higher learning, research, or honorary membership. The term academia refers to the worldwide human group composed of professors and researchers at institutes of higher learning.
Gas
Gas is one of the four fundamental states of matter (the others being solid, liquid, and plasma). A pure gas may be made up of individual atoms (e.g. a noble gas like neon), elemental molecules made from one type of atom (e.g. oxygen), or compound molecules made from a variety of atoms (e.g. carbon dioxide). A gas mixture would contain a variety of pure gases much like the air. What distinguishes a gas from liquids and solids is the vast separation of the individual gas particles. This separation usually makes a colorless gas invisible to the human observer. The interaction of gas particles in the presence of electric and gravitational fields are considered negligible as indicated by the constant velocity vectors in the image.
Market
Market (economics)
Market
If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Milton Friedman, Free to Choose (1980), Chapter 1
Market
The code-speak phrase "limit the influence of market forces" really means to arrange things OTHERWISE by leaving everything to free-market equilibration. A simple illustration is where a state wishes simply to defend its existence. This may call for various concepts of national self-sufficiency so that, for example, Japan may choose not to become entirely an importer of rice!
John Forbes Nash, on question "In what sphere of life, if any, do you think it most important to limit the influence of market forces?", in "Nobel Laureates Offer Views on the Economy", Wall Street Journal (Sept. 3, 2004)
Market
In and of itself, the market is not, and must not become, the place where the strong subdue the weak.
Pope Benedict XVI, Encyclical Letter Caritas in Veritate (29 June 2009), Chapter 36

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