Tag: A P Grocery

Basic Economics VI

6: The Role of Profits – And Loses [Please note: Thomas Sowell is informed by libertarian principles: the following is a précis of “Basic Economics”] The prospect of profits is just as important as the threat of loses in economic decision-making. Profits are incentives. In the absence of pressure, those […]

Basic Economics V

Part II Industry and Commerce: 5: The Rise and Fall of Businesses [Please note: Thomas Sowell is informed by libertarian principles: the following is a précis of “Basic Economics”] Businesses rise and fall throughout human development. A&P grocery was the largest retail chain in any field, anywhere in the world. […]