3 ms·
"The market" is the name of a place where, once upon a time, you would go to buy things, and perhaps sell some things you made; stable and consistent prices wou
by fennecfoxen 6y ago
"The market" is the name of a place where, once upon a time, you would go to buy things, and perhaps sell some things you made; stable and consistent prices would emerge without any particular rules about how prices for things should be set, or any particular enforcers of the price, but by the dynamics of the supply of the good and the demand for the good.