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- Title
Feedback and Correction in Government and the Market.
- Authors
HIGGS, ROBERT
- Abstract
The article looks at the market economy and the U.S. government intervention to business. The author relates a comparison of his dealings with Walmart and his dealings with the state Department of Motor Vehicles (DMV). He suggests that in market economy, sellers must compete for the consumer's purchases. In contrast, the government need not worry about pleasing customers.
- Subjects
CAPITALISM; UNITED States politics &; government, 2017-2021; ECONOMIC equilibrium; CUSTOMER satisfaction; QUALITY of service; PRODUCT quality
- Publication
Independent Review, 2018, Vol 23, Issue 1, p157
- ISSN
1086-1653
- Publication type
Article