At the extreme end: imagine the world without any commercial:
* Software
* Pharmaceuticals
* Books
* Music
* Movies
Now, I'm not saying that we'd arrive at that extreme, but you get the idea, no? That's "underproduction" in my mind - it'd be a poorer world with drastically smaller quantities of those things.
* Software
* Pharmaceuticals
* Books
* Music
* Movies
Now, I'm not saying that we'd arrive at that extreme, but you get the idea, no? That's "underproduction" in my mind - it'd be a poorer world with drastically smaller quantities of those things.