While hydrogen is
the more valuable component, it can't be produced without also producing oxygen.
Not exact matches
I have ignored reasons that might justify lower discount rates or higher GDP adjustments for China mainly because the purpose of this essay is to explain why the U.S. multiple is so much higher than China's, and of course these reasons exist, but I think whatever the correct ratio should be, there is no question that advanced economies always justify higher multiples than developing economies because they tend to be economically
more diversified and politically
more stable, and they usually have institutions, including clearer legal and regulatory frameworks,
more sophisticated capital allocation processes, less rigid financial systems, and smaller state sectors (which make smooth adjustment, one of the most
valuable and undervalued
components of long - term growth,
more likely).
A «Perspectives» article in the July 2 issue of The New England Journal of Medicine (NEJM) proposes that placebos be
more broadly considered as
valuable components of medical care and important tools in relieving patients» symptoms.
In addition, virtually all fruits and vegetables available in supermarkets are
more palatable,
more digestible, and easier to store and transport than their wild cousins, at the expense of
valuable protective dietary
components.
But consider that as machinesbecome even
more important
components ofour communication, our work, our education, our travel, our homes, and our leisure, the abilityto make them do what we want will becomeincreasingly
valuable.
Now that the Internet is replacing newspapers, we are bombarded with
more information than ever before, but unfortunately, most of the Internet lacks one
component that made newspapers and journalism
valuable — the vetting process.