589

submitted 1 year ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml

66 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] atetulo@lemm.ee 21 points 1 year ago

Hey, buddy. I got some news for you.

Businesses charge what people are willing to pay. Full stop. Not what products cost to produce.

[-] Fallenwout@lemmy.world 1 points 1 year ago

They're not selling below the production cost. Full stop.

[-] atetulo@lemm.ee 2 points 1 year ago

Right. They're selling as high above the production cost as people are willing to pay.

It's called 'maximizing profit.'

this post was submitted on 12 Oct 2023

589 points (99.8% liked)

World News

32323 readers

853 users here now

News from around the world!

Rules:

founded 5 years ago

MODERATORS