Cheapest Quote by John Pugsley
“The consumer gets the best deal when the product is cheapest, and the product is cheapest when people can freely compete in the market place.”
About This Quote
Source Book: The Power of the Market, John Pugsley, 1995
When competition is unrestricted, prices fall, giving consumers the best value.
In simple terms: Free competition lowers prices for consumers.
Support open markets.
Themes
Mood
Type
When to use this quote
- shopping
- business strategy
- policy making
Key Concepts
Questions to Reflect On
- How does regulation affect competition?
- What safeguards prevent market failures?
Free markets can lead to monopolies without regulation.