Understanding Market Competition and the Scarcity of Resources
CategoryNews Briefs
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.
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