@Ksenia1911147@tedcruz 1. IF a country can make three items for one, internally. Most supply chains are very rarely almost entirely within one nation.
2. Again, I fail to see how that relates to economic prosperity? The average Russian remains poor...
@Ksenia1911147@tedcruz Low production costs don’t mean economic strength, they usually mean cheap labor and lower living standards. PPP just counts the physical volume of local goods, it doesn't give you global power. When countries actually trade, global markets use real exchange rates, not PPP
@CKappadona@patrickberzai@MichaelAArouet You're rebuttal was literally "no, you don't know xyz, ha got you," and then you've got the audacity to laugh off a ridiculous response?
@NationalReilly Per capita, nominally, a Briton receives more. What that means: Throw a Briton and a Russian into the same city in any part of the world, a Briton would be able buy more.
So, explain exactly what metric shows Russia performing better than the UK economically? The retarded scale?
@NationalReilly Per capita, a Briton has higher purchasing power adjusted to their local currency
Per capita, a Briton spends 10% (vs 35%) on essential living
Per capita, a Briton spends 60% more on non essentials (critical for econ growth - capital needs to circulate)
And..
@patrickberzai@MichaelAArouet If you're going to take purchasing power even into account, it's only viable metric is per capita. UK's is higher per capita.
Purch. power is adjusted to its currency, the ruble is dead-so youll obviously be able to buy an apple for a mudpie (an econ joke - you wouldn't get it)
@patrickberzai@MichaelAArouet "nominal isn't a good measure" proceeds to use total PPP. I'm sorry, but go do netflix reviews, economics is above your pay grade.
Purchasing power depends on the total population. Of course it'd have a higher total power if they have 2.5x the population. Jfc you're retarded.
@BomwansaN@Fabriz_khosi You're obviously proving the original posters point. You do realize your image is of the exact same roundabout from the original image lmao?
Dumbass lmao