{"id":1590,"date":"2014-05-12T15:41:45","date_gmt":"2014-05-12T19:41:45","guid":{"rendered":"http:\/\/www.principletopractice.org\/?page_id=1590"},"modified":"2025-05-05T16:08:52","modified_gmt":"2025-05-05T20:08:52","slug":"market-effects-on-incomes","status":"publish","type":"page","link":"https:\/\/www.principletopractice.org\/wordpress\/from-principle-to-practice\/market-effects-on-incomes\/","title":{"rendered":"Market Effects on Incomes"},"content":{"rendered":"<blockquote><p>Market Effects are the result of changes in the local incentive structures and patterns of opportunity caused by the introduction of new resources. The new resources noticeably affect incomes, wages, profits, and prices so that people\u2019s perception of economic winners and losers changes.<\/p><\/blockquote>\n<p><i>Incomes<\/i><\/p>\n<p>Interventions can flood areas and local markets with cheap or free substitutes that compete directly with local products. A glut of supply causes prices to fall and the incomes of those who relied on selling that good will fall as well.<\/p>\n<p>Damaging local incomes is the opposite of what development intends to do. People thrown out of work will find alternatives. In some contexts, these alternatives can be violent or criminal. Generally, people prefer to avoid these alternatives. In addition, opportunities to leave violent or criminal jobs are often sought by those who feel pushed into them.<\/p>\n<p class=\"box\">Previous Page <a href=\"https:\/\/www.principletopractice.org\/wordpress\/from-principle-to-practice\/market-effects\/\" title=\"Market Effects\">Market Effects<\/a><br \/>\nNext Page <a href=\"https:\/\/www.principletopractice.org\/wordpress\/from-principle-to-practice\/market-effects-on-wages\/\" title=\"Market Effects on Wages\">Market Effects on Wages<\/a><\/p>\n<p>Related Topics<br \/>\n<a title=\"Market Effects on Profits\" href=\"http:\/\/www.principletopractice.org\/from-principle-to-practice\/market-effects-on-profits\/\">Market Effects on Profits<\/a><br \/>\n<a title=\"Market Effects on Prices\" href=\"http:\/\/www.principletopractice.org\/from-principle-to-practice\/market-effects-on-prices\/\">Market Effects on Prices<\/a><br \/>\n<a title=\"Why do negative Market Effects happen?\" href=\"http:\/\/www.principletopractice.org\/from-principle-to-practice\/why-do-negative-market-effects-happen\/\">Why do negative Market Effects happen?<\/a><br \/>\n<a title=\"Using Market Effects\" href=\"http:\/\/www.principletopractice.org\/from-principle-to-practice\/using-market-effects\/\">Using Market Effects<\/a><br \/>\n<a title=\"Resource Transfers\" href=\"http:\/\/www.principletopractice.org\/from-principle-to-practice\/resource-transfers\/\">Resource Transfers<\/a><br \/>\n<a title=\"Critical Detail: Resources&mdash;What do we provide?\" href=\"http:\/\/www.principletopractice.org\/from-principle-to-practice\/critical-detail-resources\/\">Critical Detail: Resources&mdash;What do we provide?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Effects are the result of changes in the local incentive structures and patterns of opportunity caused by the introduction of new resources. The new resources noticeably affect incomes, wages, profits, and prices so that people\u2019s perception of economic winners and losers changes. Incomes Interventions can flood areas and local markets with cheap or free [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":7,"menu_order":10693,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-1590","page","type-page","status-publish","hentry"],"aioseo_notices":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/pages\/1590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/comments?post=1590"}],"version-history":[{"count":6,"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/pages\/1590\/revisions"}],"predecessor-version":[{"id":2943,"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/pages\/1590\/revisions\/2943"}],"up":[{"embeddable":true,"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/pages\/7"}],"wp:attachment":[{"href":"https:\/\/www.principletopractice.org\/wordpress\/wp-json\/wp\/v2\/media?parent=1590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}