Understanding Market Competition and the Scarcity of Resources

The time available for consumption is quantifiable, and so is the potential for that consumption.

The former is determined by your holidays; the latter, by your savings.

No matter how you entertain yourself, your total leisure time can never exceed your total holiday time; no matter how you spend, your total spending capacity can never exceed your savings plus your borrowing potential.

This is all the time and money you’ll ever get to spend—it’s just a question of who you give it to. Everyone’s competing to become that someone.