How to Produce Most goods can be produced, and most desires for services satisfied, in more than one way. Some methods are better than others. The general welfare objective is to use the minimum of inputs per unit of output. The closer the economy comes to this objective, the greater the total output obtainable from the productive resources available. In the business world, the hope for profit and the fear of loss act powerfully to compel economizing in production.
Freedom provides opportunity - and more.
One producer's aggressiveness in cost cutting is another's challenge or threat. Governments, however, do not need to meet cost demands in the same sense as do businesses. They exist, but making them powerful and effective requires exceptional imagination, effort, and freedom within government. Efficiency demands smaller rather than greater use of inputs per unit of output. He must also be under pressure to do what seems best.