Why do we place such high value to things such as gold and diamonds? Wouldn’t it make sense to put that value on things that are more “useful”?
In: Economics
Minerals do not inherently contain more value than any other objects. In economics it’s more a combination of capital or in other words resources and How well you use them. If you want to take something apart both a screwdriver and a hammer can serve the same purpose but if time is limited then the hammer is the better resource but if maintaining the parts is a high priority then the screwdriver has more value.
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