LIQUIDITY: Ease of Resource Conversion

It is the ease of converting a particular resource into another one you want. Money is a resource with high liquidity in a market economy.

However, the concept applies to all other resources. The liquidity will depend on the number of people wanting your resource. If you are an accountant, your specific knowledge, i.e., your resource, will be in higher demand in the population than that of a researcher in a particular type of glutamate receptor (low liquidity).

As we discussed, although the specificity of expertise is the usual way of progressing, this specificity makes you more vulnerable during turbulent times when no one might need your knowledge or have the resources to repay you.

{EXPERT, EXPERT FUNNEL, SUSTENANCE, RESOURCE, ABUNDANCE OF RESOURCES, GHOST RESOURCES}