At a personal (as opposed to corporate) level of making these kind of decisions, an important point is that doing a thing could have inherent value in the pleasure it gives. Peeling your own peaches might be worth it, even if the fresh peaches cost more $, and resulted in lower quality, than buying already frozen, if he prefers the (first hour/month) of peeling sufficiently above the next most pleasurable activity.
Also, too, almost everyone is cash constrained, and cannot arbitrarily exchange time for additional $, so using personal labor for a task is a way to turn time into money. Obviously. But it’s still important to touch back to reality after an abstract discussion.
At a personal (as opposed to corporate) level of making these kind of decisions, an important point is that doing a thing could have inherent value in the pleasure it gives. Peeling your own peaches might be worth it, even if the fresh peaches cost more $, and resulted in lower quality, than buying already frozen, if he prefers the (first hour/month) of peeling sufficiently above the next most pleasurable activity.
Also, too, almost everyone is cash constrained, and cannot arbitrarily exchange time for additional $, so using personal labor for a task is a way to turn time into money. Obviously. But it’s still important to touch back to reality after an abstract discussion.