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In economics 101 one of the first things they teach you is supply and demand, and inelastic goods. Food and healthcare are the two main examples of inelastic go
by sofixa 11mo ago
In economics 101 one of the first things they teach you is supply and demand, and inelastic goods. Food and healthcare are the two main examples of inelastic goods, where demand is heavily disconnected from supply. There are of course nuances (you can eat just beans and rice, or do the bare minimum of healthcare/medicine to survive), but both are not things you have a lot of choice to consume or not.
- deleted 11mo ago[deleted]