Read your college textbook and it is prone to outline economics as “the social science of alternative under shortage.” The complete area is built on studying trade-offs and how they’re made. Milton Friedman himself reminded us time and time again that “there isn’t any such factor as a free lunch. From Freecycle to Wikipedia, we are discovering that money isn’t the only motivator. [newline]Altruism has all the time existed, but the Web gives it a platform the place the actions of individuals can have global impression. In the financial financial system all of it looks free – indeed, in the monetary financial system it seems like unfair competition – however that says more about our shortsighted methods of measuring worth than it does concerning the price of what is created. Between digital copy and peer-to-peer distribution, the true cost of distributing music has actually hit bottom. This is a case where the product has turn out to be free due to sheer economic gravity, with or with no business model.
This might only be the beginning of higher challenges, as 22 p.c of the nursing workforce reported in our Spring 2021 Future of Work in Nursing Surveythat they might leave …