4 ms·
one is a necessity and other one is not. If it's too expensive to launch stuff to space, most companies won't. If it's expensive to get a drug, well you will ei
by lifeplusplus 6y ago
one is a necessity and other one is not. If it's too expensive to launch stuff to space, most companies won't. If it's expensive to get a drug, well you will either pay up or suffer until you die.
- DubiousPusher 6y agoExactly. One market is elastic the other is inelastic.
- lifeplusplus 6y agoI had forgotten those terms.. yea nothing mysterious going on here. This is well understood situation. Everyone should take micro-economics not matter the profession.
- savanaly 6y agoBut we have markets in necessities and they work just fine. What's the difference from healthcare?
- lifeplusplus 6y agosuch as?.. give an example.. milk - regulated water - regulated electricity - regulated education - k12 regulated most of it .