The purchase of ordinary goods and services in the market is often referred to as voting with
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The purchase of ordinary goods and services in the market is often referred to as "voting with dollars." The analogy is not, in fact, terribly good. To begin with, our endowments of income are different, whereas our political endowments are equal-one vote each (except, it is occasionally rumored, in Chicago.) Also, we all get the winner of an election, or the effects of some legislation, whether or not we voted for the winner or favored that bill. Lastly, citizens vote infrequently (as opposed to legislators).
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Related Book For
Principles Of Microeconomics
ISBN: 9780812224177
1st Edition
Authors: Eugene Silberberg And Gregory Ellis
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