tracyspacy on Nostr: But in reality, in both cases only 100 people obtained a smartphone. Using price to ...
But in reality, in both cases only 100 people obtained a smartphone. Using price to decrease effective demand does not necessarily mean that the need in aggregated demand is satisfied.
That's why it's important to compare economic systems based on their efficiency in satisfying aggregated demand for goods, rather than focusing on deficits and surpluses.
2/2 🧵
#MarketEconomy #PlannedEconomy #economics #socialism
Published at
2023-01-10 13:33:06Event JSON
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