As families move away from their stable community, their friends of many years, their extended family relationships, the informal flow of information is cut off, and with it the confidence that information will be available when needed and will be trust worthy and reliable.The individual now has more information available than any generation, and the task of finding that one piece of information relevant to his or her specific problem is complicated, time--consuming, and sometimes even overwhelming.
If, on the other hand, producing more of a commodity results inreducing its cost, this will tend to increase the supplyoffered by seller-producers, which in turn will lower the price and permit more consumers to buy the product.In the American economy, the concept of private property embraces not only the ownership of productive resources but also certain rights, including the right to determine the price of a product or to make a free contract with another private individual.
