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How Markets Turn Lousy Products into Great Ones

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Tags CoordinationThe EntrepreneurValue and Exchange

02/16/2021Malachy McDermott

Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.

Original Article: "How Markets Turn Lousy Products into Great Ones"

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Author:

Malachy McDermott

Malachy McDermott has a degree in economics from University College, Dublin in Ireland.

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