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Full-Text Articles in Business
Are Government Laws Consistent With The Laws Of Supply And Demand, Thomas Power
Are Government Laws Consistent With The Laws Of Supply And Demand, Thomas Power
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Government laws are not always consistent with the laws of supply and demand and when enacted have unintended consequences. Three real world examples provide illustrations of policy makers implementing policies that have unintended consequences. When households and firms look at prices when deciding what to buy and sell, they unknowingly take into account the social benefits and costs of their actions. As a result, prices guide these individual decision makers to reach outcomes that maximize the welfare of society as a whole.
Competitive Challenges, Chain Reactions, Edward Sweeney
Competitive Challenges, Chain Reactions, Edward Sweeney
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No abstract provided.