A very poor man may be said in some sense to have a demand…
“A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
A poor man's desire for a coach is unattainable because the service cannot be produced for him.
In simple terms: Unmet demand due to impossibility.
Key Takeaway
Recognize limits of supply.
Themes
economics
poverty
market theory
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- policy making
- charitable planning
- business strategy
Key Concepts
utility
resource scarcity
Questions to Reflect On
- How can societies address needs that markets cannot meet?
- What alternatives exist for unmet demands?
A Different Perspective
Ideal solutions may be impractical.