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The Fundamental Law of the Market – Quote by Ludwig von Mises

„The fundamental law of the market is: the customer is always right.“

Ludwig von MisesQuote by Ludwig von Mises: 'The fundamental law of the market is: the customer is always right.' Significance in economic context.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This quote emphasizes the central importance of the customer in the market according to Ludwig von Mises.


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Quote image featuring Ludwig von Mises and the fundamental law of the market

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

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"The customer is usually wrong, but statistics indicate that it doesn't pay to tell him so" Aleister Crowley
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Customer focus quote by Mahatma Gandhi about the importance of serving customersCopyright © yoice.net – Quote Artwork
23. September 2018
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"A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so." Mahatma Gandhi
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Quote image featuring Ray Kroc's advice about looking after the customerCopyright © yoice.net – Quote Artwork
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"Look after the customer and the business will take care of itself" Ray Kroc
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Ray Kroc quote about pleasing the customer and maintaining customer satisfactionCopyright © yoice.net – Quote Artwork
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"That's the name of the game ... pleasing the customer. If we ever lose sight of that fact, we've lost the ball game." Ray Kroc
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Quote image featuring Ludwig von Mises on the market as democracyCopyright © yoice.net – Quote Artwork
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"The market is a democracy in which every penny gives a right to vote." Ludwig von Mises
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Ludwig von Mises quote about serving the public and achieving successCopyright © yoice.net – Quote Artwork
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"He who serves the public best, makes the highest profits." Ludwig von Mises
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Link to: Quote by Ludwig von Mises on Capitalism and Personal Responsibility Link to: Quote by Ludwig von Mises on Capitalism and Personal Responsibility Quote by Ludwig von Mises on Capitalism and Personal ResponsibilityLudwig von Mises quote about capitalism and personal responsibilityCopyright © yoice.net – Quote Artwork Link to: The Role of Consumers in Capitalism – Ludwig von Mises Quote Link to: The Role of Consumers in Capitalism – Ludwig von Mises Quote Ludwig von Mises quote image about the role of consumers in capitalismCopyright © yoice.net – Quote ArtworkThe Role of Consumers in Capitalism – Ludwig von Mises Quote
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