-
Home
- Business
- Economy
- Socialism Command Economy
- Lesson 15: The Failures of
- What do beer companies and
-
Card 6 / 19: What do beer companies and electric utilities have to do with socialism?
Answer:
The argument in the text is that during summer months, companies that enjoy government-granted monopolies such as electric and water utilities often restrict their service, whereas private companies in open competition (such as beer and soda producers) welcome the boost in demand for their products.
-
Keyboard Shortcuts
Previous Card |
← Previous Card Button |
Next Card |
→ Next Card Button |
Flip Card |
Space-Bar |
<< First
< Previous
Flip
Next >
Last >>
Interactive Question
Test Home Page
|
Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
|
Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.