Buyers Quote by John Kenneth Galbraith
“THE INDUSTRIAL SYSTEM requires that prices be under effective control. And it seeks the greatest possible influence over what buyers take at the established prices.”
About This Quote
Source Book: The Affluent Society, John Kenneth Galbraith, 1958
The industrial system aims to keep prices low and control consumer choices to maximize its influence.
In simple terms: Industry tries to control prices and buyer behavior.
Recognize and question price control mechanisms.
Themes
Mood
Type
When to use this quote
- government regulation
- consumer advocacy
- business negotiations
- pricing strategy
- market analysis
Key Concepts
Questions to Reflect On
- How does price control affect consumer freedom?
- What alternatives exist to balance market power?
It may overlook benefits of competition and innovation.