Answer to Question #261375 in Management for jean

Question #261375

Explain this statement: “The price of ability does not depend on merit but on supply and demand.” –George Bernard Shaw


1
Expert's answer
2021-11-07T20:59:01-0500

The price of ability does not depend on merit but on supply and demand by George Bernard Shaw means that the price of a commodity is depended on its supply or availability. On this note, prices of commodities rise as its supply diminishes and falls when its availability is high


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