What is the Most Expensive Stamp? An Economic Perspective In the world of economics, every decision is ultimately a question of scarcity. With limited resources, individuals, businesses, and governments must make choices that come with both costs and benefits. This concept, rooted in the idea of opportunity cost, applies not only to goods and services but also to seemingly niche markets—such as stamp collecting. So, when we ask, “What is the most expensive stamp?”, we must also ask: What does the existence of such an item tell us about the nature of value, market dynamics, and societal wealth? In an…
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