You seriously think they only care about retaining power? — I like sushi
they should be offering policies that benefit the public — romanv
, is guided by the largest amount of profit one can get. In microeconomic theory, profit is concerned to the distance between price level given by market and the average total cost; markets, or simply places where profit is high will "attract" resources if just there is still profit in the long run. Since profit, as I said, is concerned to the price of a good, and given that the price is determined by market, seeking profit is to allocate resources in those places in which people are willing to pay more (because they need it more, maybe) for that specific good. However, there are cases of natural monopoly, oligopoly and other state of affairs which economists call "market failures"; in fact there is also the discussion whether market failures are consequences of a natural process of market, whether market tends to be centralized instead of remaining decentralized.that happens by allocating resources to where profit is maximised. — romanv
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