Friday, February 23, 2007

Interesting Idea about Economics

Here's an interesting point by the BBC economics editor, who explains why it's more beneficial to the public to charge more than cost for some services than to provide them for free...

Basically the idea is that if some things are free and in demand, the disadvantage of having to queue for them will cancel the benefit of the product, whereas charging a fee will produce more benefit for both sides.

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