Bill Gates Quotes


If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers.


Citations

Gates, Bill. The Road Ahead. Viking Penguin, 1995.

Related Quotes

The debate over whether the government ought to buy what it needs in the marketplace is as old as our country. Despite men like Jefferson having been strong advocates for market purchases of goods and services for government, there is even by the 21st century a marked tendency to have government actually do the needed work and create the needed merchandise. Even when the private sector is used, the market is avoided by sole source, non-competitive contracts and in the case of military research the National Laboratories were created which are means of avoiding the competitive marketplace and have the work done by entities that are Federal proxies.


Bill Gates
Bill Gates
  • Born: October 28, 1955
  • Nationality: American
  • Profession: Software Developer, Investor, Entrepreneur

William Henry Gates III is an American business magnate, software developer, investor, author, and philanthropist. He is a co-founder of Microsoft Corporation. During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president and chief software architect, while also being the largest individual shareholder until May 2014. He is considered one of the best known entrepreneurs of the microcomputer revolution of the 1970s and 1980s. Gates is also co-founder and chairman of TerraPower that is developing next generation traveling-wave reactor nuclear power plants, in an effort to tackle climate change.