Word: marketed
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Dates: during 1980-1989
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There were about 112,000 barber shops in the U.S. in 1967, says Marvy, and there are only about 90,000 now. A limited additional market exists on Navy ships and overseas (there is also a competitor overseas; the only other barber-pole factory Marvy knows of in the world is in Japan). The popularity of poodle-grooming salons, though perhaps a sign of societal decay, has helped Marvy's sales; his poodle pole (wall mounted, and too high to be of any practical interest to a dog) has a row of poodles on one of the stripes...
...productivity dropped .9%. The real median income of American families jumped 64% from 1950 to 1970, but has crawled up by less than 1% a year in the past decade. Weekly real take-home pay has been declining for two years. That gauge of American economic health, the stock market, has been sharply depressed...
...industrialized and developing nations meet the challenges of the new economic era, they must choose between two essentially different economic systems: the market economy and the command economy. Neither exists in pure form. They overlap, and there are myriad variations within each model. But the difference between them is basic. In market economies the principal business decisions are taken by individuals, who freely exchange their goods or services. In the command economy, the state makes the fundamental business decisions...
...free-market economies grapple with inflation, unemployment, slow productivity and low innovation, no private institution will come under more careful scrutiny or acute pressure than the corporation. The public's concerns about the role and rationale of the corporation are real, and businessmen who ignore them risk the demise of free enterprise...
...goods produced by capitalism, or by any economic system, returns to what Lenin called the question of "who-whom." Who is to direct and dominate whom? Where is society's Solomon? Who is to decide that this year a nation should produce heart valves rather than vacation houses? The market system provides the most democratic answers. Rather than a government planner's dictating what a society should produce, consumers themselves decide what they buy. They vote in the marketplace. This is not invalidated by the fact that the votes?and the market?can sometimes be manipulated. Capitalist bosses...