"They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers"

This quote by Frederic Bastiat is a pointer that competitors is advantageous for organizations. He is suggesting that it is better to have a competitive market with rich customers than to have a monopoly over clients who are not as well off. He is indicating that businesses ought to make every effort to offer the best product and services to their consumers, no matter their financial scenario. This will make sure that companies stay competitive and can draw in more customers. He is likewise recommending that companies need to not rely on a monopoly over impoverished consumers, as this will not be helpful in the long run. Instead, organizations ought to focus on providing quality products and services to their consumers, as this will make sure that they remain competitive and rewarding. Eventually, Bastiat is suggesting that organizations must aim to supply the very best service and products to their clients, regardless of their financial circumstance, in order to remain competitive and lucrative.