Recently Donald Trump It is listed That American is Too wealthy And please make sure his tariffs fix it as follows
Someone said, “Oh, the shelf is open.” Well, maybe the kids have two dolls instead of 30 dolls. And perhaps two dolls would cost them a few dollars than they normally would.
surely, This kind of thinking has become dominant among Republicans.Bernie Sanders’ Echo Previous lament Americans have too many deodorants and too many shoes.
There is a certain economic logic in this idea of rarity. Returning to the argument made for socialism by Oskar Lange: competition exists to determine how to produce good/service at the most economical cost. Once the method is determined, you can create a good/service at that cost and sell it at that price, resulting in perfect competition. In the perfect competition, there is only one version of the product. All products made in that market are the same. It does not distinguish between features. As a result, socialism (and Trumpism) can simply abolish unnecessary competition Impressive A completely competitive production method.
Perfect competition can be treated as an “ideal” market structure because costs are minimized and prices are equal to marginal costs at the lowest point of the average total cost curve. (It should be noted that the Sanders/Trump argument is not for perfect competition, like the perfect competition model, but more good is being produced.
Despite the fact that perfect competition is the “ideal type”, I argue that it is an undesirable outcome. Why do one size need to fit everything? People have all kinds of preferences and preferences. Some people like pepperoni on pizza, while others like anchovies. Some people like opera, others like heavy metal music. You may need a TV show that will make you feel good. As they say, diversity is the spice of life. However, diversity is, in economic terms, incomplete competition. Product differentiation leads to “monopoly competition.” There, businesses still do not earn economic benefits, but they do not save on average total costs. Imperfect competition, according to some, is a “market failure” or “inefficient market.” But in reality, it’s a more efficient market. The diverse taste of the people is fulfilled.
I love imperfect competition. That allows You will become you. It’s a disgust for the central planners of the world (your Trump, your Sanders, and your Navarros). Market liberalism means accepting imperfections and celebrating the market rather than making arbitrary decisions about what people should hope for.
