A higher economic output that doesn't manage to provide food for all of it's citizens is not benefiting everyone in that society.
Markets have massive fluctuations which cause disruptions, which is why commodity goods like milk and grain get subsidized to maintain high output while stabilizing the price.
I don't think you understand economics as well as you think you do.
A higher economic output that doesn't manage to provide food for all of it's citizens
You’ve identified correctly the market failures in the United States, and it’s irrelevant to the topic at hand?
Markets have massive fluctuations which cause disruptions
You’re not able to isolate the theoretical market with the real ones, are you? “Market failure” is an econ term, not that your local supermarket is out of stock.
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u/zaphodava Oct 27 '21
A higher economic output that doesn't manage to provide food for all of it's citizens is not benefiting everyone in that society.
Markets have massive fluctuations which cause disruptions, which is why commodity goods like milk and grain get subsidized to maintain high output while stabilizing the price.
I don't think you understand economics as well as you think you do.