The Reality of the Market
I really enjoy my job, for several reasons. One reason is that my company is the perfect real-life example of many concepts I learned in economics. I have to get my boss credit, he is sometimes a very quotable person and says things just like I’ve heard in my econ books…except he really is an entrepreneur who is dealing with very real customers (believe me…I have to talk to them every day…). First example illustrates consumer sovereignty. He said, “A lot of people think that business-owners run their company. That’s not true. The customer runs the business. The customers decide…