Sun, 17 May 2009
The bookshop: An example of market mechanisms at work.
Read about it in The Sunday Times Lifestyle section, and again at Cowboy Caleb’s blog, so I thought I’d come in with an assertion of my own that I am not going to elaborate on:
- Bookshops provide an example of market mechanisms at work. Buyers (or users who are willing and able to buy books, for the purpose of this idea) subsidise browsers (people who just wanna come in and look-see, without the intention of buying any books) and everyone benefits from this relationship.
You’re welcome to either substantiate my point-of-view or disprove my claim.
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