Home Economic How Markets Turn Lousy Products into Great Ones | Malachy McDermott

How Markets Turn Lousy Products into Great Ones | Malachy McDermott

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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

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.