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.
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.
I’ve got a pair of Keen hiking boots I inherited from my late uncle. They were very well-worn when I got them, and I’ve continued using them for a decade since and they’re just now starting to wear out.