Comment by dismalaf
10 months ago
Profit seeking is normal behaviour. The economic system normally keeps it in check through competition. If it's not kept in check it's because of the economic conditions.
10 months ago
Profit seeking is normal behaviour. The economic system normally keeps it in check through competition. If it's not kept in check it's because of the economic conditions.
I've not seen the economic system keeping it in check through competition in my lifetime and I don't think it did historically.