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charcoal pencil English
Synonyms charcoal pencil synonyms
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News and current affairs
If you announce that you intend to balance the books over five years and pencil in a lot of spending cuts, consumers, relieved of their fears of future tax increases, will start spending more freely.
It took thousands of people all over the world to make this pencil, Friedman said - to mine the graphite, cut the wood, assemble the components, and market the final product.
More than 30 years later, there is an interesting coda to the pencil story (which in fact was based on an article by the economist Leonard E. Read).
A modern-day Friedman might want to ask how China has come to dominate the pencil industry, as it has so many others.
Yet the tens of thousands of workers that pencil factories in China employ would most likely have remained poor farmers if the government had not given market forces a nudge to get the industry off the ground.