Blaze (he/him)@sopuli.xyz to Data is Beautiful@mander.xyzEnglish · 1 month agoThe enormous scale of global food waste.cdn.statcdn.comimagemessage-square36fedilinkarrow-up187arrow-down130file-text
arrow-up157arrow-down1imageThe enormous scale of global food waste.cdn.statcdn.comBlaze (he/him)@sopuli.xyz to Data is Beautiful@mander.xyzEnglish · 1 month agomessage-square36fedilinkfile-text
minus-squarefrightful_hobgoblin@lemmy.mllinkfedilinkEnglisharrow-up1·1 month 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-squareBlackLaZoR@fedia.iolinkfedilinkarrow-up1arrow-down1·1 month agoCost of production puts a lower bound on the price. In case of competitive industries, price floats just above that limit
minus-squarefrightful_hobgoblin@lemmy.mllinkfedilinkEnglisharrow-up2·1 month 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.