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Free market theory 3 simple questions?
02-27-2014, 04:35 AM
Post: #4
 
1) The role of businessmen is to properly allocate the finite resources to their most productive uses, to the goods and services that people desire the most. How is is known what people want? Simply through the price mechanism. This is how businessmen know what to produce for society and what not to produce. Knowing that their profits will dwindle when these resources are no more they will find new innovative ways of producing goods, they will conserve and learn to reproduce more efficiently the resources needed.

2) Please remember that these businessmen do not just sit in an office and pick their noses all day, they are thinking of how best to serve society. They are thinking of the next invention or good that will make life easier. Of course they deserve some money, THEY are the public servants not the elected officials whose only talent is to steal from the productive individuals.

4) This is narrow minded socialist thinking. Entrpreneurs are always on the watch of how to better produce for man, they will be innovatove in their produuction process, or how will they make teir profit? If you were the one losing out on the fruit business you would be forced to lower prices, offer a better product or more services because you are losing out on business. Now put yourself in a the consumer position, isnt that what you want? The best possible services for the least price, this is what free market is all about. Wealth is spread around more efficiently ina free society than a centrally planned one.
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[] - SDD - 02-27-2014, 04:19 AM
[] - Anjaree - 02-27-2014, 04:30 AM
[] - ace - 02-27-2014 04:35 AM

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