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I interpreted the phrase as high demand with low supply. Such conditions can exist, but not indefinitely.
by sowbug 4y ago
I interpreted the phrase as high demand with low supply. Such conditions can exist, but not indefinitely.
- brianwawok 4y agoOr there is a high barrier to entry. GP doctors in the US are both High Demand, and Low supply. But they have a very big barrier to entry, namely: a) It's incredible hard to get into and graduate Medical School in the US b) Medical schools have a very strict limit on the number of students, thus gating supply. c) For only a little more work than being a GP, you can be a specialist doctor and make much more money. Would not see this changing without a law change or something major.