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144 Economics in One LessonProfits, in short, resulting from the relationships of costs to prices,not only tell us which goods it is most economical to make, but whichare the most economical ways to make them. These questions must beanswered by a socialist system no less than by a capitalist one; theymust be answered by any conceivable economic system; and for theoverwhelming bulk of the commodities and services that are produced,the answers supplied by profit and loss under competitive freeenterprise are incomparably superior to those that could be obtainedby any other method.

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