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Economics usually work in ratios not absolute dollars. Comparing services in Spain and Baltimore can only go so far as the cost of those service have drasticall
by digitaltrees 7y ago
Economics usually work in ratios not absolute dollars. Comparing services in Spain and Baltimore can only go so far as the cost of those service have drastically different inputs and those inputs may comprise very different ratios making the unit economics worse in what otherwise appears to be a wealthier area.