• #45 The Balancing Act: Supply vs. Demand Simplified

  • Nov 5 2024
  • Length: 25 mins
  • Podcast

#45 The Balancing Act: Supply vs. Demand Simplified

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    Ever wondered why a flood of rubber ducks would send prices plummeting, or how the price tag on your medication is determined? Tune in to this week's episode of the Fiscal Physical Podcast, where we promise to unravel the mysteries of supply and demand with some surprising twists. We start by demystifying these economic cornerstones, using vivid examples like the quirky case of an oversupply of rubber ducks to illustrate how markets react to changes in supply and demand. This foundational knowledge sets the stage for a deeper conversation on the pharmaceutical industry, where we tackle the ethical and economic complexities of drug pricing. With the drug Ozempic as our focal point, we explore the delicate balance between consumer demand, development costs, and the ethical challenges posed by pricey medications.

    Later, we shift gears to explore the modern work environment with business owner Ryan Nelson, who shares his unique perspective on productivity and work hours. His experience as both an employee and employer provides a fresh take on the often-misunderstood relationship between time spent at work and actual productivity. We delve into surprising statistics that highlight the gap between the hours we clock in and the productive work we achieve, challenging the traditional 40-hour workweek's effectiveness. Ryan emphasizes the importance of quality, focused work and the hurdles of maintaining productivity throughout the day. This conversation offers a thoughtful lens on achieving work-life balance and rethinking productivity in today's dynamic workplaces. Don't miss this engaging episode that promises to expand your understanding of economic principles, ethics, and workplace productivity.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
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