innovation

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Entrepreneur

11 Oct 2023 1 minute read 0 comments OfTheFreeMarket

“Whatever the mind can conceive and believe, the mind can achieve.”- Napoleon Hill Being an entrepreneur is more than doing something for yourself. Being an entrepreneur means taking big risks knowing it may not play out to their benefit. The rewa...

Opportunity

24 Sep 2023 1 minute read 0 comments OfTheFreeMarket

“We often miss opportunity because it’s dressed in overalls and looks like work” -Thomas A. Edison Combining all of the topics we have discussed, we now come to opportunity. Voluntary Exchange brings about opportunity in transactions. Innovation brin...

To Close On Competition

24 Sep 2023 1 minute read 1 comment OfTheFreeMarket

 “There is a tendency among some businesses to criticize and belittle their competitors. This is a bad procedure. Praise them. Learn from them. There are times when you can cooperate with them to their advantage and to yours! Speak well of them and t...

The Benefits Of Competition

21 Sep 2023 1 minute read 0 comments OfTheFreeMarket

“Only consumers win with more competition in the market.” -Anonymous. What does competition lead to? Better products, cheaper prices, more choices and MORE innovation! Free markets encourage competition because of its benefits: everyone wins. When op...

Competition

21 Sep 2023 1 minute read 1 comment OfTheFreeMarket

“Taste the relish to be found in competition – in having put forth the best within you.” -Henry Kaiser Over the past week, we’ve been discussing innovation, and the benefit of having the freedom to innovate. We’re shifting the focus over to it’s v...

Government Regulation Stifles Innovation

21 Sep 2023 1 minute read 0 comments OfTheFreeMarket

“We should favor innovation and freedom over regulation.” -George Allen  Innovation and freedom go hand and hand in an economic sense; when entrepreneurs have freedom and flexibility they are able to change market spaces, and put new products to mark...

The Bottom Line

21 Sep 2023 1 minute read 0 comments OfTheFreeMarket

“Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.” -Dean Kamen We have given a couple of amazing endless examples of innovation this week with Crypto Currencies and other Blockchain technologies which a...

An Innovative Example

21 Sep 2023 2 minute read 0 comments OfTheFreeMarket

“There are not more than five musical notes, yet the combinations of these five give rise to more melodies than can ever be heard. There are not more than five primary colours, yet in combination they produce more hues than can ever be seen. There ar...

Innovation

20 Sep 2023 1 minute read 1 comment OfTheFreeMarket

“Innovation is taking two things that exist and putting them together in a new way.“ -Tom Freston, Co-founder of MTV. This week we are talking about innovation on the site as we continue to theme out the free market, and break down its core princi...

Cause & Effect

20 Sep 2023 1 minute read 0 comments OfTheFreeMarket

“Today is yesterday’s effect and tomorrow’s cause.” – Phillip Gribble Voluntary exchange is the cause, innovation and competition are the effects. This mutually beneficial transaction leads to more transactions, because there is more trust in the mar...