4 ms·
Wealth is created when the value of inputs is less than what is paid for the final good or service. It's really as simple as that. The fact that one person doe
by Rastonbury 5y ago
Wealth is created when the value of inputs is less than what is paid for the final good or service. It's really as simple as that.
The fact that one person doesn't see value in a good or have a willingness to pay the asking price doesn't mean nothing is created. There exceptions however, but by and large people are free to pay whatever price for whatever good. Canned fresh air, little caesar's, art etc.