[ Money / Invest ] - ID: 29888 "The damage that politicians inflict upon commerce and industry takes a very concrete form, namely the myriad interventionist policies they undertake. But their harm doesnt end there. More subtle but also very injurious is their threatening rhetoric, i.e., their statements about whats wrong with the world and whos caused it, what they would like to do if only they could, what should happen, etc. The effect of these words is to add another layer of uncertainty into entrepreneurs plans. The sounder the entrepreneurs plans and the better his forecasts, the higher will be his profits. If, on the other hand, he overestimates the demand for his goods or services, he will not fulfil his plans and may suffer losses. And if his losses are sufficiently severe, he will face bankruptcy, cease production and exit the market. The world of commerce and industry is innately uncertain. No entrepreneur can say for sure what the prices of his outputs (and hence revenues) will be in the futur Author's Info on Wikipedia Author on ebay Author on Amazon More Quotes by this Author Start Searching Amazon for Gifts [ Money / Invest ] - ID: 29888 "The damage that politicians inflict upon commerce and industry takes a very concrete form, namely the myriad interventionist policies they undertake. But their harm doesnt end there. More subtle but also very injurious is their threatening rhetoric, i.e., their statements about whats wrong with the world and whos caused it, what they would like to do if only they could, what should happen, etc. The effect of these words is to add another layer of uncertainty into entrepreneurs plans. The sounder the entrepreneurs plans and the better his forecasts, the higher will be his profits. If, on the other hand, he overestimates the demand for his goods or services, he will not fulfil his plans and may suffer losses. And if his losses are sufficiently severe, he will face bankruptcy, cease production and exit the market. The world of commerce and industry is innately uncertain. No entrepreneur can say for sure what the prices of his outputs (and hence revenues) will be in the futur&theme=ont class=sampleQuote>[ Money / Invest ] - ID: 29888 "The damage that politicians inflict upon commerce and industry takes a very concrete form, namely the myriad interventionist policies they undertake. But their harm doesnt end there. More subtle but also very injurious is their threatening rhetoric, i.e., their statements about whats wrong with the world and whos caused it, what they would like to do if only they could, what should happen, etc. The effect of these words is to add another layer of uncertainty into entrepreneurs plans. The sounder the entrepreneurs plans and the better his forecasts, the higher will be his profits. If, on the other hand, he overestimates the demand for his goods or services, he will not fulfil his plans and may suffer losses. And if his losses are sufficiently severe, he will face bankruptcy, cease production and exit the market. The world of commerce and industry is innately uncertain. No entrepreneur can say for sure what the prices of his outputs (and hence revenues) will be in the futur" TARGET="_top">Send as Free eCard