THOUGH NOT A SINGLE ECONOMY, THE GREAT SOCIETY IS STILL HELD TOGETHER MAINLY BY WHAT VULGARLY ARE CALLED ECONOMIC RELATIONS
The Great Society is made up of many different parts, but it is mainly held together by economic relationships. Some people think that the market is not a real economy because it lets individuals have different goals without needing them to agree on a common purpose. Economic relations happen because people use shared resources to try to achieve their varied goals. While there are many non-economic relationships in society, the market helps people with different interests work together peacefully, which benefits everyone.
The market connects people around the world, showing that our society relies heavily on these economic ties. Advances in transportation and communication matter less if production conditions are the same everywhere. Economic connections allow us to benefit from the knowledge and experiences of others. Economists focus on the overall order that brings people together, balancing various goals through the market without favoring economic goals over others. In short, the market helps distribute resources to meet many needs, allowing for more opportunities based on mutual cooperation, without prioritizing which needs are more important than others.
The Great Society is made up of many different parts, but it is mainly held together by economic relationships. Some people think that the market is not a real economy because it lets individuals have different goals without needing them to agree on a common purpose. Economic relations happen because people use shared resources to try to achieve their varied goals. While there are many non-economic relationships in society, the market helps people with different interests work together peacefully, which benefits everyone.
The market connects people around the world, showing that our society relies heavily on these economic ties. Advances in transportation and communication matter less if production conditions are the same everywhere. Economic connections allow us to benefit from the knowledge and experiences of others. Economists focus on the overall order that brings people together, balancing various goals through the market without favoring economic goals over others. In short, the market helps distribute resources to meet many needs, allowing for more opportunities based on mutual cooperation, without prioritizing which needs are more important than others.