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and through rhetorical techniques that are used to turn what Marx called “portions of the globe” into commodities. The state tells stories to justify commodification, such as the designation of “redevelopment areas,”“wasteland,” or “surplus land” – stories that render land ...
SOURCE: McKinsey CPAnalytics 1 Economic profit is the surplus a company generates after accounting for the opportunity cost of the capital invested in the business—typically the fixed-asset stock and net working capital balance. The coming ...
Etsy brings another dimension to the market—the personalization of relationships between seller and buyer. The website hosts chat rooms, coordinates online craft shows, and conducts seminars, allowing sellers and buyers to interact, exchange ideas, customize products, and create social bonds that can...
Clearly technology has provided me a huge consumer surplus – for less money I am getting far more value. But in Scott’s defense here is the question that matters: How much would I be willing to pay for my laptop? Would I pay $10,000 for it? No I would not. Would I pay $5,00...