Economics is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man’s human existence.
The Personal Is the Economic

Economics is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man’s human existence.
By Ludwig von Mises
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.