Supply And Demand Quotes
The best sayings about Supply And Demand that you can share on Instagram, Pinterest, Facebook and other social networks!
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Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all.
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The Broader interpretation that often seems to underlie the new economy label is that we are witnessing a more fundamental change in the paradigm. The old rules no longer apply. Throw out the NAIRU. Heck, throw out supply and demand. No limits, no business cycles.
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A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.
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From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.
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Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.
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Variable but forecastable renewables (wind and solar cells) are very reliable when integrated with each other, existing supplies and demand. For example, three German states were more than 30 percent wind-powered in 2007 - and more than 100 percent in some months. Mostly renewable power generally needs less backup than utilities already bought to combat big coal and nuclear plants' intermittence.
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The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand.
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We need each other to do things that we can't do for ourselves. If we are intimately connected with each other, we just give things to each other; if we don't know each other we find another way to handle it. If you think about it, each according to his or her abilities and each according to his or her needs is sort of the same thing as supply and demand.
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[Wise men] have tried to understand our state of being, by grasping at its stars, or its arts, or its economics. But, if there is an underlying oneness of all things, it does not matter where we begin, whether with stars, or laws of supply and demand, or frogs, or Napoleon Bonaparte. One measures a circle, beginning anywhere.
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The Internet doesn't change everything. It doesn't change supply and demand.
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Be yourself on stage. Nobody else can be you and you have the law of supply and demand covered.
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Pop culture is not about depth. It's about marketing, supply and demand, consumerism.
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Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon.
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The price of ability does not depend on merit but on supply and demand.
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Artistic inspiration ignores the law of supply and demand.
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It's a simple question of supply and demand. But all of us are grossly overpaid. I think it's a ridiculous dispute.
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We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses.
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The Internet doesn't change everything. It doesn't change supply and demand. It doesn't magically allow you to build businesses by turning investors' money into operating expenses indefinitely. The money always runs out eventually.. the Internet doesn't change that, as we have seen.
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Those who love him love that he sells the most art; they take it as a point of faith that this proves Kinkade is the best. But his fans don't only rely on this supply-and-demand justification. They go back to values.
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One of the great things about a free market is that it's inherently and indefatigably Darwinistic. Left to its own devices, a free market will eventually weed out the stupid from both 'ends' of the food chain otherwise described as supply and demand. As money is liberated from the hands of the stupid, those who would sell products or services to the stupid will eventually lose their share of the marketplace. Devoid of any 'benevolent' interference from government, the process is gloriously relentless, and cannot help but yield a successively smarter class of participants.
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If America is the land of opportunity, a country where perseverance and hard work is rewarded by recognition, then an illegal harbors the opposite ambitions. His greatest reward us anonymity, invisibility. Aided and abetted by market forces and the laws of supply and demand, he hones his skill to stand up but make sure he's never counted.
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The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.
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Laissez-faire, supply and demand-one begins to be weary of all that. Leave all to egotism, to ravenous greed of money, of pleasure, of applause-it is the gospel of despair.
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Supply and demand regulate architectural form.
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Ugh, puppy mills. These commercial breeding facilities are horrendous. The animals are kept in tiny wire cages, with little to no human interaction throughout their lives. They are rarely, if ever, seen medically and are forced to breed over and over again and watch as their babies are taken away from them and sold to pet stores. It is a supply-and-demand business, so the more people stop going to pet stores and choose to adopt instead, the quicker we can put an end to these puppy mills.
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If we're going to live as we are in a world of supply and demand, then journalists had better find a way to create a demand for good journalism.
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Rats and roaches live by competition under the laws of supply and demand; it is the privilege of human beings to live under the laws of justice and mercy.
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the time to grant anybody a favor is the day the favor is asked, for that day is the one psychological moment of the world when supply and demand are keyed exacty to each other's limits, and can be mated beatifically to grow old, or die young, together. But after that day -- !
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Supply creates its own demand.
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I am like any other man. All I do is supply a demand.
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Top Authors
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Lee Min-ho Actor -
Leonora Carrington Artist -
Lee Strobel Author -
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Leon Black Businessman -
Lin-Manuel Miranda Composer -
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Lester Holt Journalist -
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Leticia Van de Putte Politician -
Leslie Hall Rap artist -
LeToya Luckett Singer -
Lila McCann Singer -
Lee Hazlewood Singer-songwriter -
Leonard Shlain Surgeon -
Lilla Watson Visual Artist
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