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After this week’s readings, I realized that our economy is like science. If you push in a positive direction you will go up and if you push in a negative direction, you will go down. Dr. Bylund wrote, The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives in 2016, he explains how everything is connected and if one string is cut in our web of operation it can block off so many opportunities. Blocking off opportunities is called “opportunity cost.” For me, I always think about the opportunities I am offered. Sometimes I do go back and regret or do “what if’s”, but everything happens for a reason. Opportunity cost can be good or bad depending on how you look at it. Entrepreneurs need to see all aspects. Seen and unseen can base decisions and help find the best solution to meet consumer needs. He explained that when there is growth in our economy there must be something major that will happen in our world, for example, COVID-19. That may have caused some growth but there was probably more loss in that example. During COVID-19 online sales went up high because it was a main way to get necessities. But in our web, there are regulations. When talking about regulation he gave 2 distinct factors of it. The first one was effective and the other was defective. There can be a good effective reason for growth in our economy and then there can be a defective reason for growth in our economy. A regulation is something that is being maintained by an authority and Bylund argues that we have regulation to aside with political views. Change can be a good thing for our economy. The system we have is always changing because as time goes by there are more efficient ways of doing things. I think the system that we have works because we are still here but there is always room for improvement. Since we have so much freedom with our economy, market, careers, it is essential to have laws and Bylund argued that “This problem is due to consumers’ ignorance of what they will want, which partly depends on what wants they will discover as entrepreneurs make new types of goods and services available, and producers’ ignorance of what they can and should produce, which depends on limited technological know-how and incomplete understanding of what problems consumers face today and in the future.” (pg. 137) With that being stated, if we didn’t have laws, it would be everyone after everyone trying to one-up the competition drastically. Even though we still have that happening today, people are a lot more civil about it.