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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.

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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 …

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