4 ms·
What’s the implication for moving the equilibrium point? State action? Collective action?
by truculent 3y ago
What’s the implication for moving the equilibrium point? State action? Collective action?
- cs702 3y agoDepends on the market and the product. The best way, in my view, is through product innovation by ambitious entrepreneurs who come up with a better solution. Instead of trying to making the equivalent of a faster horse carriage at cheaper cost, they figure out how to make the equivalent of an automobile, rendering horse carriages obsolete.
- truculent 3y agoThis is a bit if a sidestep - how do you increase the rate of product innovation?