Not sure why you’re downvoted - its completely correct.
The “issue” with teaching and healthcare (in socialist systems anyway) is that no matter how good you are at it your organization doesn’t get to charge more. The system literally throws supply/demand out the window as 1, everyone needs it by law and 2, its free. Its done as a “cost to service” and that demand will always exist, and a budget will be applied to service it.
Before some smart ass comes in, there is technically supply and demand, but 1, supply is a wall and 2, demand is a straight line at p=0. Multiple economic theories can be applied, but its not the invisible hand theory.
Not sure why you’re downvoted - its completely correct.
The “issue” with teaching and healthcare (in socialist systems anyway) is that no matter how good you are at it your organization doesn’t get to charge more. The system literally throws supply/demand out the window as 1, everyone needs it by law and 2, its free. Its done as a “cost to service” and that demand will always exist, and a budget will be applied to service it.
Before some smart ass comes in, there is technically supply and demand, but 1, supply is a wall and 2, demand is a straight line at p=0. Multiple economic theories can be applied, but its not the invisible hand theory.