Why don't harvesting economies make as much money as manufacturing or service economies?

Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨shreyan@lemmy.cif.su⁩ to ⁨economics@lemmy.world⁩

Since they’re necessary for the other two, wouldn’t it stand to reason that they make the most, not the least?

I know geopolitics plays a huge role, but I’m curious if there are other forces that make it inevitable for people in these cultures to make less money than everyone else. It’s unfair and if we can fix this problem, then we should.

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Amoxtli@thelemmy.club ⁨2⁩ ⁨days⁩ ago
By harvesting, I assume you mean things like agriculture? If you are, then the reason is simple, supply, and demand, and the expectations of such goods being cheap. It is the water-diamond paradox, why is water so cheap in a lot of places compared to diamonds when you can’t eat or drink diamonds necessary for life. Life is unfair. That’s just life.

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bacon_pdp@lemmy.world ⁨2⁩ ⁨days⁩ ago
Because you can only eat so much food but you can buy stuff limited only by your amount of money

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iii@mander.xyz ⁨2⁩ ⁨days⁩ ago
Depends on if there are many alternative producers, and if there’s a cartel.

For example OPEC makes big bucks.

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