👉 In economics, a friction is any interaction or constraint that impedes a system's ability to function optimally. This can be in the form of a barrier, such as an obstacle on a road, or it may be something more subtle and invisible, like a resistance to change or innovation within a system. Friction can arise from various sources, including economic conditions, technological barriers, political influences, or external pressures. Understanding how friction affects systems is crucial for optimizing performance, ensuring that resources are allocated
frictions