How Markets Turn Lousy Products into Great Ones

Tags: Value and Exchange, Coordination, The Entrepreneur

02/16/2021 Malachy McDermott

Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.

Original Article: “How Markets Turn Lousy Products into Great Ones“

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