Economics

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Why don't harvesting economies make as much money as manufacturing or service economies? (lemmy.cif.su)

submitted 3 days ago by shreyan@lemmy.cif.su to c/economics@lemmy.world

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Since they're necessary for the other two, wouldn't it stand to reason that they make the most, not the least?

I know geopolitics plays a huge role, but I'm curious if there are other forces that make it inevitable for people in these cultures to make less money than everyone else. It's unfair and if we can fix this problem, then we should.

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[–] bacon_pdp@lemmy.world 4 points 3 days ago

Because you can only eat so much food but you can buy stuff limited only by your amount of money

[–] iii@mander.xyz 3 points 3 days ago

Depends on if there are many alternative producers, and if there's a cartel.

For example OPEC makes big bucks.