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Things have been produced to satisfy needs. If there were no trees in an area the axe maker went hungry.
Or he never opened up shop in the first place.
Government in many instances has created a "solution" or supply when there was no demand in the first place. As the economy retracted companies and families realized much of they were buying was not needed.
All a family really needs is a roof and food. It doesn't have to be a mansion and they don't have to eat out every night. A Ford gets you there just like a Mercedes or Lexus.
Government in many instances has created a "solution" or supply when there was no demand in the first place.
Examples?
Quote:
As the economy retracted companies and families realized much of they were buying was not needed.
Depending on where you are in the payscale, you downsized your wants, or excised some of your needs.
Quote:
All a family really needs is a roof and food. It doesn't have to be a mansion and they don't have to eat out every night. A Ford gets you there just like a Mercedes or Lexus.
Which one will write me a paycheck? Build a facility in which I can work? Supply me with the capital goods I need to do my job, whether trucks or planes or tools or technology or a manufacturing line? Negotiate the thicket of regulations, permits, and taxes required to be an employer? Bet on the success of the enterprise or risk the loss of capital? Borrow money for my paycheck, if necessary? Keep up on changing laws? Be the first one there in the morning and the last to leave at night?
Which consumers?
You will be waiting a long time for this to happen.
No. You would be looking for a capitalist who wants to take advantage of the promises that customers bring. Only an idiot would start a business without the promise of getting the consumers. But then, things probably work differently, that businesses are opened without regard to the promise of selling goods and services, instead that they are there will bring customers? "The typical conservative logic".
Would you take your best guess (I refrain from calling it logic) as to why private sector dropped an unprecedented 800K+ jobs in December 2008, in a string of job losses that amounted to more jobs deleted in a year than added over previous 8 years? Lack of consumers, or lack of rich people with money to produce more?
Perfect business strategy!!!!!
Start a business with no money, take orders and pre-payments for my future product and when I get enough orders to pay for the parts I can hire people to produce the complete product. I will hire people will accept IOU's instead of a paycheck during production then I will fulfill your orders.
Anyone want to apply for a job?
Oh no, my bad! Second thought, maybe not, if I do this l will get punished if the business is successful. I will be hated too.
Back to the drawing board or maybe i'm better to be on gov payroll.
Lol, the "one lacking basic common sense" missed the obvious FACT that his imaginary machine requires WORKERS to build it. The demand for products made by the stupid machine created the JOBS it takes to make the machine.
Where do these frigging chucka-chucka people come from?
Ok so it takes workers to build it. My question is, do these workers want paid or are they willing to work for the common good?
Those who work for a living --- they are productive so they can earn money so they can spend money.
And those who are handed welfare checks who lay around doing nothing all day but the government confiscates the incomes of those who work to give this consumer money to spend.
I wonder how the welfare recipient would react if the gov confiscated their money like they do with everyone else.
as the old saying goes, build a better mouse trap and the people will buy it. demand can be created, but it is expensive to do so, and thus someone with access to a lot of money is required.
Reminds me of the demand for the pet rock
And no i did not buy one lol
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