1.4. Market Towns

An Essay on Economic Theory by Richard Cantillon

Tags: Monetary Theory, Value and Exchange

12/01/2014 Richard Cantillon

Entrepreneurs establish markets in centrally located villages which provide the necessary conditions under which prices are established between supply and demand. The size of the market town depends on the size of the economy it serves.

From Part 1: Production, Distribution, and Consumption. Narrated by Millian Quinteros.

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