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

  • Rentlar@lemmy.ca
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    8 months ago

    In the Toronto, Canada area there’s UNRC Furniture in Markham, that sells overstock and refurbished brand name office chairs for relatively cheap.