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iloveyofacexx3 iloveyofacexx3
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4 years ago

One important difference between the political process and the market process is that



▸

the political process results in collective actions in which everyone is obliged to participate, while in the market process individuals are free to participate or not.



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the political process results in collective actions that maximize economic surplus, while the market process may lead to efficiency losses.



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the political process results in collective actions in which everyone is made better off, while the market process results in actions that favor some groups only.



▸

the political process results in collective actions in which not everyone is required to participate, while in the market process individuals are obliged to participate.

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InMicro

InMicro


Edition: 1st
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BakariBakari
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4 years ago
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iloveyofacexx3 Author
wrote...

4 years ago
this is exactly what I needed
mambah4
wrote...

Yesterday
Thank you, thank you, thank you!
SUmmerPeople
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2 hours ago
Correct Slight Smile TY
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