Even Santa and his sleigh can use some upgrades once the new technology has been developed. Technological improvements allow companies to produce more products using the same resources or to continue providing the same level of output more efficiently. Charlie and the elves help Santa improve his gift-giving efficiency by upgrading his suit and improving the features of his sleigh.
Thanks to Mandy Mandzik for the clip recommendation. Check out her working paper, All I Want for Christmas is an A on My Econ Final: A Holiday-Themed Review Class, for more Christmas-themed economics examples.
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