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Competition drives the cost of living up. We can explain this with supply and demand. As far as the industrial history, yeah, service economy, information age
by jbooth 13y ago
Competition drives the cost of living up. We can explain this with supply and demand.
As far as the industrial history, yeah, service economy, information age, yadda yadda.
And I agree on Wall St, I pretty much despise them. But if you're going to preach unfettered capitalism via low taxes you should be worshipping it.
- DamnYuppie 13y agoCompetition generally drives prices down. Governments involving themselves in the marketplace generally drive prices up.
- ahomescu1 13y agoThat sounds like supply-side competition, which does drive prices down. When talking about competition over housing, you have a somewhat fixed supply but high competition on the demand side. In that case, prices go up.