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Why Are Diamonds More Costly Than Water ? by Nobody: 1:20pm On May 05, 2021 |
The paradox of value is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. Why do we value diamonds more than water? |
Re: Why Are Diamonds More Costly Than Water ? by Muyiwaipere(m): 1:28pm On May 05, 2021 |
One bolt don commot for this one head |
Re: Why Are Diamonds More Costly Than Water ? by Fortune2016(m): 1:30pm On May 05, 2021 |
Muyiwaipere: |
Re: Why Are Diamonds More Costly Than Water ? by Nobody: 1:44pm On May 05, 2021 |
IF diamonds were to suddenly disappear
from the face of the earth people will find
other gems and precious metals to replace
them. If all water on earth were to suddenly dry out, Plants, Animals and Humans alike would all die of thirst unless the scientists were able to synthesise water in the lab (which they can). If you were to stop drinking water for a few days you will quickly feel the effects. |
Re: Why Are Diamonds More Costly Than Water ? by Nobody: 1:49pm On May 05, 2021 |
IF diamonds were to suddenly disappear from the face of the earth people will find other gems and precious metals to replace them. If all water on earth were to suddenly dry out, Plants, Animals and Humans alike would all die of thirst unless the scientists were able to synthesise water in the lab (which they can). If you were to stop drinking water for a few days you will quickly feel the effects. |
Re: Why Are Diamonds More Costly Than Water ? by Amotolongbo(f): 1:57pm On May 05, 2021 |
How often do you see diamond? Water is a common natural resource, while Diamond is a rare natural resources |
Re: Why Are Diamonds More Costly Than Water ? by Nobody: 2:03pm On May 05, 2021 |
Amotolongbo: I now understand. It is the scarcity/rareness of diamonds that make them valuable. |
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