I have been thinking about this question of rationing in a free competitive market. You have to start somewhere, if you can’t find anything useful to your business then you’ve got to start with the most worthless resource first — your time. The first thing that you’d want to do is start with your time. If you’re a salesman, you’d want to start with your customers first, and that’s exactly what happens…
This is the general idea behind a free market. If you have a product, youd charge a price for how much you want it, and if someone else has a better product, they’d charge a higher price for it. It makes sense because you want to sell as many units as possible, and if you dont have the best product youll end up competing against everyone else.
If youre in a free market, you cant say that its all about what’s “good” or “bad”. If the market is free then it needs to be a good market. It needs to be a vibrant and vibrant market. This applies to our economy as well. If the rationing mechanism is good, then it should be a positive feedback on the overall economy. That’s why we call it “self-awareness”.
In other words, it needs to be a market that is efficient and competitive. If it is not competitive, then it makes no sense.
In the real world, it is not a question of “if youre in a free market, you cant say that its all about whats good or bad”. Just because you can say that doesn’t mean you’ve earned the right to define the terms.
The problem is when you have a market that is not competitive, and that is in fact an oligopoly. In that case, the rationing mechanism will never be good because it will always favor the largest players. These larger players will always have the largest amount of shares in the market and thus will forever be able to raise prices by taking away the smaller players from the market.
This is why, when it comes to online markets, it is impossible to make any rules that will favor one market over another. Because of the large number of participants in the market, there are no large players that would be willing to give up their monopoly to join a free market. It is the largest players that will be the ones that will suffer from the rationing mechanism.
The rationing mechanism will lead to monopoly because the largest market players, if they want to maintain their market position, will be willing to give up their dominance, or at least allow smaller players to become larger players. It will lead to monopoly because the largest players that want to have a monopoly will be the ones that would be willing to give up their dominance for the sake of having a monopoly.
There is a simple “law of supply and demand” that defines price as a function of quantity. It’s a simple principle that applies to any market and basically says that for every $1 invested into a business there is a $1 that is taken out of it. When you invest in a business, you are not investing in the market. You are investing in yourself. When you invest in a business, you are putting your money to work.
It’s often said that “competition is the only law of nature.” This is a good point, and one that is true. However, it is also true that competition can be abused, and the very presence of a monopoly can have unforeseen negative impacts on those who do not compete against them. This is especially true when you have a monopoly because the very fact that you have a monopoly is actually advantageous to you.
