Friday, September 7, 2012

Who feeds paris

Markets are a way to motivate and have an influence on consumers to trade, buy, and sell. Since there is scarcity in different items, markets use prices to distribute these scarcities. the market, which is where all the selling and buying happens, puts incentives for people because after all, people buy for their own self-interest and to maximize their utility. People work and trade so they can be better off. Government should not choose preferences on people with different lives.

1 comment:

  1. Daniel,
    Your post is difficult to understand. Make sure that you 1) understand the ideas, 2) explain clearly, and 3) provide relevant examples.
    7/10

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