3 ms·
There are areas of economics where it's more complicated than simply 'supply and demand'. Positive network externalities, things like that, but by and large su
by davidw 6y ago
There are areas of economics where it's more complicated than simply 'supply and demand'. Positive network externalities, things like that, but by and large supply and demand are a good place to start. And it is very applicable to housing.
- cylon13 6y agoDefinitely a good place to start. It's astounding how many people you can find yourself in a discussion with who haven't gotten as far in economic understanding as grokking supply and demand, but are adamantly proposing what amounts to complex economic policies with many effects.