At the point in which the supply and demand curves intersect is the price and quantity of the product being examined and it's production level.
Because labor is scarce, it is important to allocate it towards the mot urgent of needs first. It is encouraged by the author to look at the whole forrest as opposed to just the tree. This means to us that we must consider the effects of every decision not only on our selves, but many others in he economy effect as well. The article concludes that is is "essential for the health of a dynamic economy that dying industries should be allowed to die as that growing industries should be allowed to grow"(108).