Russia's Economic Productivity

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[–]Blackbrownfreestuff 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (1 child)

I'm no economist so help me understand. Lets say you have 2 national economies that produce only 3 goods. For country A, instagram posts, rap music, and onlyfans porn subscriptions hypothetically generate $1 trillion in revenue and country B, fertilizer, timber, and machinery generate hypothetically the same $1 trillion in revenue, how do we compare the value of these 2 economies. Are they equal?

[–]radicalcentristNational Centrism 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

For country A, instagram posts, rap music, and onlyfans porn subscriptions hypothetically generate $1 trillion in revenue and country B, fertilizer, timber, and machinery generate hypothetically the same $1 trillion in revenue, how do we compare these the value of these 2 economies. Are they equal?

Consider the costs, efforts, and reach of each product.

For example, the instagram and onlyfans require internet, which uses electricity, but it can be accessed anywhere a PC or phone exists on Earth (so theoretically, billions of customers).

Fertilizer and timber are natural products but you have to pay money to actually move them across borders and then store them in appropriate facilities.

So both have their pros and cons. In a high tech world, internet services are much more profitable. But in a post-apocalyptic one, then we'll obviously need stuff that can't be powered by electricity.