From a resource standpoint, the important point of this comparison is that including the marginal external costs of production and allocating resources based on the full social cost results in a higher price for the good (Ps > Pp) and less output (Os < Op) than only including the private costs.
Today, the nation's farmers are 17 years older than the average American worker, with the ranks of farmers who are 75 years and up outnumbering those in their prime working years of 35 to 44. One big reason U.S. farmers are going gray: spiraling costs.
Young members are the future of credit unions. Yet, in many nations, the average age of credit union members is in the mid-to-to late 40s, according to the World Council of Credit Unions in Madison, Wis. In the U.S., U.K. and Australia, the median member age is 47, while the median age of credit union members in Canada is 53. Nations with the youngest cooperative members are Afghanistan (25), Malawi and Kenya (30), Jamaica and Cameroon (35), Guatemala (36) and Ghana (38).