Relative values — 3 Comments

  1. One of the first things we were taught in economics was the concept of ‘opportunity cost’; if you spend your money on one thing, you forego opportunities to buy other things. When you work out how much you pay for something, and what other things you could have spent the money on, it is quite surprising sometimes.

  2. Thank goodness there are still a few old fashioned shops around. In Crewkerne in Somerset there is a small Alladin’s cave of a shop where it is still possible to buy individual items, it does a roaring trade

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