The Long Run Blog

Critical Thinking on Money, Finance, and Economics

Free markets and financial literacy

In a free market, individuals are supposed to patronize companies that provide a fair product at a fair price (value). Produce what the market needs and you have a viable business. Fail to deliver what the market demands and your business is toast. After all, if you bought tire brand A and the tires blew up, you would stop buying them right? Tire brand B would take market share by offering a better product at a price deemed worthy and put tire brand A out of business. Nothing terribly inciteful about that, just common sense right? The result is increased competition to satisfy consumers and healthier businesses. Continue reading

January 26, 2009 Posted by | Econ Policy, Personal Finance | , , | 13 Comments

   

Follow

Get every new post delivered to your Inbox.