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S E13: Economic Surplus - Getting the Most out of Life

Think Like An Economist

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The Digital Economy and Its Impact on the Economy

More and more of the economy is digital, which means we're getting more free stuff through the internet and through our smart phones. The enormous value you get from using gorgle doesn't show up in your spending because you don't pay any money for it. Even though it costs you pretty much nothing to use facebook or google, people say they benefit a lot from using them. If you don't measure something, you tend not to value it.

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