The Power of Profit

On 04/19/2012, in Economics, by Jordan Wilson

I came across an interesting little economics video this week.

Economist Walter E. Williams discusses the power of profit.

How the profit motive explains why anything actually gets done in a free market system.

And why non-profit organizations, such as government agencies and public schools, are less efficient than they could be. 

A short video, but one that explains how profit motives make the world go round.

Thanks to Prager University for the video. If you visit the website, there are other videos that might be of personal interest to you.

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