Friday, October 1, 2010

Self Interest: Good or Bad?

I believe that self-interest is an essential aspect of a successful market economy. Both consumers and producers have self-interest. It causes the consumers to purchase items based on the belief that they are getting a deal on the service or good. It causes the producers to provide goods or services because they believe they are getting profit. Because of this self-interest of individuals, the market economy thrives.

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