cross-posted from: https://feddit.org/post/3142575
this post was submitted on 24 Sep 2024
57 points (74.4% liked)
Data is Beautiful
1165 readers
45 users here now
Be respectful
founded 4 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.