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re: This is why business owners/entrepreneurs do not like democrats very much
Posted on 10/24/14 at 8:03 pm to Zed
Posted on 10/24/14 at 8:03 pm to Zed
quote:
Where there is demand, supply will almost certainly follow in a free market.
The same can not be said of supply without demand. Products are supplied in response to or with the expectation of demand. Demand drives the market. With the exception of innovators, producers are replaceable cogs in the machine.
Producers aren't replaceable because you can't consume things out of thin air.
You can have all the demand in the world but if you have no method to fill the demand or no means of paying for it then what good is it?
1
Posted on 10/24/14 at 8:24 pm to constant cough
quote:But one producer can replace another. In a healthy market competition will assure this.
Producers aren't replaceable because you can't consume things out of thin air.
quote:If there is demand for the product, and producing it is technologically feasible, this should never be a problem. Lack of potential suppliers, with sufficient demand to make production profitable, would be a failure of the market.
You can have all the demand in the world but if you have no method to fill the demand or no means of paying for it then what good is it?
Is it more difficult to supply a demand in a free market, or to create demand where it doesn't exist. One is clearly more important than the other IMO.
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