Wednesday, November 23, 2005

Difference between business and market!

It is a common misconception to confuse business and markets. Businessmen are evil, so markets are evil! It is a non-sequitur. Markets can win even (in fact, most times they do) when businesses whine.

Price of computers is decreasing, businessmen are complaining, but markets are gaining, because the market for purchasing computers is increasing. Prices of air tickets are falling, the flight businesses are grieving, but the market is joyous. In fact, the more you make "greedy evil" businessmen fight each other, the greater the chances that the market gains. Of course, the question is how to make business as competitive as possible without indulging in the dangerous and slippery slope of regulations!


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