Episodes
Sunday Nov 28, 2021
Episode 16: Profits and Competition
Sunday Nov 28, 2021
Sunday Nov 28, 2021
A discussion of the importance of the profit motive and freedom of competition in the efficient operation of a market economy. Includes an overview of the uniformity of profit principle, and an examination of how competition serves as both an opportunity and a disciplining agent for entrepreneurs and firms, thus promoting useful innovations while weeding out bad ideas.
If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
Version: 20241125
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.