From a resource standpoint, the important point of this comparison is that including the marginal external costs of production and allocating resources based on the full social cost results in a higher price for the good (Ps > Pp) and less output (Os < Op) than only including the private costs.
Today, the nation's farmers are 17 years older than the average American worker, with the ranks of farmers who are 75 years and up outnumbering those in their prime working years of 35 to 44. One big reason U.S. farmers are going gray: spiraling costs.
According to the most recent statistics from CUNA, the average age of todayâs credit union member is 47 and 69% of nonmembers age 18 to 24 know little about credit unions.* While these statistics donât signal drastic change for credits unions at the moment, if the trend continues the credit union movement is at risk of losing considerable membership ...