MARK BARNES: The beauty of fair market value and fixing our own problems

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Though dominance often results in consumer exploitation, the answer is innovation, not more rules

The beauty about dealing at fair market value is that, in an honest and competitive ecosystem, it requires neither policing nor enforcement.

As we all learnt in Economics 101, price is determined where supply and demand intersect. It really is that logical and simple if left to its own devices. Supply-demand curves, and their intersections, are axiomatic to the laws of fair trade, and beyond that into all walks of life, including personal relationships. Correctly anticipating forward supply and demand is the cornerstone of success or failure in commercial projects, and how best to fund them...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

G2B marketplaces could contribute to more transparency and competition in government procurement. Probably not in the interest of the present [corrupt] SA gov, but a potential selling point for opposition parties?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines