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true, these are the truly wealthy ...

Posted on: December 22, 2016 at 13:20:34 CT

tmcats KSU

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M.O.B. Votes:

i'm not sure they're creating demand in all cases. semantics, i suppose. but they see around the corner where others can't, and thus provide solutions/value for problems others didn't even know exist. the result is fortune. bill gates comes to mind.

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Ten Fundamental Laws of Economics - ummmm MU - 12/22 11:47:12

'5. Productivity determines the wage rate' is oversimplified - JeffB MU

- 12/22 15:52:26

Some very shallow, and also wrong, comments there. - GA Tiger MU - 12/22 13:00:06

Which ones? (nm) - ummmm MU - 12/22 13:21:50

RE: Which ones? (nm) - GA Tiger MU - 12/22 14:29:39

I don't have time right now to go through these individually - ummmm MU - 12/22 14:50:21

0. Demand precedes production - FootballRefugee MU

- 12/22 12:01:45

The problem here, it appears to me, are differing - JeffB MU

- 12/22 21:09:59

Unless, of course, its dictated by gov't dictate.(nm) - GA Tiger MU - 12/22 13:00:55

Demand is constituted by Supply. - ummmm MU - 12/22 13:22:22

No, demand exists without supply - FootballRefugee MU

- 12/22 13:35:47

macro, FR, macro - nothing can be demanded by he who - 90Tiger MU - 12/22 14:00:03

you're still failing on the macro, too - FootballRefugee MU

- 12/22 14:03:02

FR, when folks don't produce and hence don't have the means - 90Tiger MU - 12/22 14:56:04

Not in a lot of cases - BeakerHater MU - 12/22 12:39:55

In the macroeconomic sense (not company specific), demand - ummmm MU - 12/22 13:23:34

Ability to buy? What the hell does that have to do with - GA Tiger MU - 12/22 14:32:49

GA, demand =/= want. demand in the economic - 90Tiger MU - 12/22 14:57:06

To be expected in academia. Willful obfuscation, by - GA Tiger MU - 12/22 16:12:19

You're the one redefining "demand". You want to - ummmm MU - 12/22 17:00:55

I don't give a shlt about the economic definition. And since - GA Tiger MU - 12/22 18:34:53

That is the economic definition of "demand", GAT - ummmm MU - 12/22 14:49:18

no, he can't (nm) - 90Tiger MU - 12/22 14:57:30

true, these are the truly wealthy ... - tmcats KSU - 12/22 13:20:34

In nearly all cases... - Spanky KU - 12/22 12:47:32

the entrepreneur sees demand in most cases - FootballRefugee MU

- 12/22 12:45:42