There are some goods that the market will not provide because incentives are missing. I like this doodle because it shows how some goods are beyond the control of the market participants.
They certainly don't appear to be in a free market. If I understand what you're illustrating, the vase indicates the presence of a command economic system.
You are so right...I liked the contradiction of a dependent economic actor giving the opinion that he/she could do better if the free market were allowed to operate...thanks for the boost
They certainly don't appear to be in a free market. If I understand what you're illustrating, the vase indicates the presence of a command economic system.
ReplyDeleteYou are so right...I liked the contradiction of a dependent economic actor giving the opinion that he/she could do better if the free market were allowed to operate...thanks for the boost
ReplyDelete