To obtain the information we seek, we invest time and effort in searching. During this process, there is a cost known as “information search cost.” If the search costs exceed the value of the information we wish to obtain, it is deemed inefficient; people generally aim to avoid inefficiency. For instance, if a billionaire spends considerable effort searching for a car for less than 90,000 USD, then the billionaire will just buy because it is inefficient. Cost-effectiveness in the economic world judgment is a crucial factor to get dominion world we’re living in. - Joseph’s “just my thoughts”
The professions that people admire in the United States include police officers and firefighters. Another is carpenters. A key concept in economic activity is “independence,” which means the ability to earn a living on my own. Carpenters and masons are vital for constructing houses and cities, and the skills involved in producing or creating something are crucial to achieving independence. I cannot leave my future in someone else’s hands. Poverty also implies that I am enslaved. - Joseph’s “just my thoughts”