* Notable Quotables * 06/03/2009
The market economy – capitalism – is based on private ownership of the material means of production and private entrepreneurship. The consumers by their buying or abstention from buying ultimately determine what should be produced and in what quantity and quality. They render profitable the affairs of those businessmen who best comply with their wishes and unprofitable the affairs of those who do not produce what they are asking for most urgently ... CommentsLeave a Reply |
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