Skip to content

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.” quote by John Pugsley
Download Open image
“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.”

John Pugsley

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.

Key Takeaway

Support open markets.

Themes

economics competition consumer welfare

Mood

analytical optimistic

Type

economic policy

When to use this quote

  • shopping
  • business strategy
  • policy making

Key Concepts

Supply and demand price theory market dynamics

Questions to Reflect On

  • How does regulation affect competition?
  • What safeguards prevent market failures?
A Different Perspective

Free markets can lead to monopolies without regulation.

4.6 out of 5 (6 ratings)

More by John Pugsley

Explore all 15 John Pugsley quotes

More Cheapest quotes

Browse all 7 Cheapest quotes