Honor Above All
Kern 2 others as well, yet he leaves the reader with absolutely no explanation of this. The author brings up the next main feature of Smith's argument in the following chapter, competition. Immediately, he explains how competition relates to the self-regulated market and how necessary it is for the market to function. He gives an example of how prices are regulated through the gas stations. This is a very good example that everybody can understand. The author talks about how competition leads to research and development. This could be a different paragraph being as it is a different idea. He gives a great example of Blu-ray players versus other HD DVD players. This explains how products of higher prices need to lower their costs or have a dramatically higher quality than other products in order to sell. This is an easy concept to grasp and developed well through this paragraph. The author finally