BUSINESS MAVERICK OP-ED: Economic lessons from Everest

showing the length of the queue that formed in May to scale Mount Everest, the world’s highest peak, from the Nepalese side.

But, along with the excitement, I remember feeling disappointed at the sheer number of people undertaking the trek. The initial intrigue was gone, and we saw little point in continuing the struggle just to wait in line. We reversed course at the last stop before Base Camp. When it comes to Everest, part of the problem is a fixed supply. There are only so many paths up the mountain , but the number of tour groups has increased. Given this, it stands to reason that the price should be allowed to rise until the balance between supply and demand is restored.

When it comes to the market for antibiotics, many in the pharmaceutical industry would offer the same remedy. If the price of antibiotics were considerably higher, the inappropriately high demand for such drugs would fall, and companies would have an incentive to re-enter the risky business of researching, developing, and gaining approval for urgently needed drugs.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Business Maverick: Big tech is under fire. Could that mean it’s time to buy?The big tech companies nicknamed FAANGs (Facebook, Apple, Amazon, Netflix and Alphabet's Google) are in the crosshairs of policymakers and regulators, now more so now than ever. As ever, the issues are tax avoidance, data privacy issues or concerns around concentration risk. In the past, they rewarded investors despite the regulatory pressure. But could it be different this time? Or does the recent dip mean its time to buy?
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

High court tells Trillian: ‘Pay back the Eskom money’ | Business | M&G
Источник: mailandguardian - 🏆 2. / 92 Прочитайте больше »

PIC Commission biased – letter shows evidence leader targeting black companies | IOL Business ReportA leaked letter, written by suspended acting PIC CEO Matshepo More has revealed how Advocate Jannie Lubbe instructed her and the rest of the board and staff to provide detailed information specifically related to just nine groups of companies. busrep busrep News News News busrep Gatekeepers of real big ticket looters are everywhere! Yet supporters are quick to look at state corruption wondering why only small fries are tried when big fish is let off the hook. And when the likes of Public Protector go for big fish, they accuse her of all manner of things
Источник: IOL - 🏆 46. / 51 Прочитайте больше »