Aviation Market Regulations

Pilots take no special joy in walking: pilots like flying. Pilots generally take pride in a good landing, not in getting out of the vehicle.

A market is a group of buyers and sellers of a particular good or service. The buyers as a group determine the demand for the product, and the sellers as a group determine the supply of the product. Markets take many forms. Some markets are highly organized, such as the markets for many agricultural commodities. In these markets, buyers and sellers meet at a specific time and place, where an auctioneer helps set prices and arrange sales. More often, markets are less organized. For example, consider the market for ice cream in a particular town. […] Nonetheless, these consumers and producers of ice cream are closely connected.

Fleets are not confined to the ocean, but now sail over the land. … All the power of the British Navy has not been able to prevent Zeppelins from reaching England and attacking London, the very heart of the British Empire. Navies do not protect against aerial attack. … Heavier-than-air flying machines of the aeroplane type have crossed right over the heads of armies, of million of men, armed with the most modern weapons of destruction, and have raided places in the rear. Armies do not protect against aerial war.