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In capitalism, resources are distributed based on the successful operations of organizations that can turn a profit. The value provided through demand for goods
by williamcotton 3y ago
In capitalism, resources are distributed based on the successful operations of organizations that can turn a profit. The value provided through demand for goods and services is itself the mechanism for distribution. Profit is the motivating factor to continue to provide these goods or services.
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages”
― Adam Smith, An Inquiry into the Nature & Causes of the Wealth of Nations, Vol 1