On the record
When any commodity is carried to market, it is not the necessity of the vendor, but the necessity of the purchaser, that raises the price.
Said by
Edmund Burke
Source
gutenberg.orgEdmund Burke: “When any commodity is carried to market, it is not the necessity of the vendor, but the necessity of the purchaser, that…”
Editor's note · Context
Burke explains that market prices are determined by the buyer's needs rather than the seller's, highlighting a fundamental economic principle.
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