Blaze (he/him) to Data is [email protected]English • 4 months agoThe enormous scale of global food waste.cdn.statcdn.comimagemessage-square34fedilinkarrow-up185arrow-down130file-textcross-posted to: [email protected]dataisbeautiful
arrow-up155arrow-down1imageThe enormous scale of global food waste.cdn.statcdn.comBlaze (he/him) to Data is [email protected]English • 4 months agomessage-square34fedilinkfile-textcross-posted to: [email protected]dataisbeautiful
minus-square@[email protected]linkfedilinkEnglish1•4 months agoefficiency ≠ price you’ve glossed over a lot of economics. Like, for one thing, the EU gives about €55 billion in agricultural subsidies a year.
minus-squareBlackLaZoRlinkfedilink0•4 months agoCost of production puts a lower bound on the price. In case of competitive industries, price floats just above that limit
minus-square@[email protected]linkfedilinkEnglish2•4 months agoRight. And food is sold at below that lower bound, which is one reason it is affordable.
efficiency ≠ price
you’ve glossed over a lot of economics. Like, for one thing, the EU gives about €55 billion in agricultural subsidies a year.
Cost of production puts a lower bound on the price. In case of competitive industries, price floats just above that limit
Right. And food is sold at below that lower bound, which is one reason it is affordable.