The boots theory is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.

https://en.wikipedia.org/wiki/Boots_theory

  • usualsuspect191@lemmy.ca
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    8 months ago

    I find that works well for something like a wrench where the cheap version works ok, but for some things the cheap version works so poorly compared to as least the mid-line version that whatever money you saved wasn’t worth it.