Supply and demand might make it more likely 4 a price to b set but ultimately its up to whoever sets the price
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Why Can't People Say NO! To High Prices???
- Thread starter olroadbeech
- Start date
No the seller sets the price lol. They can sell it low high wateverNo, they don't. Markets set prices.
They charge what the market will bear.No the seller sets the price lol. They can sell it low high watever
No they are allowed to charge way below or way above marketThey charge what the market will bear.
You don't get it. Companies that charge too much for a given product risk competitors charging less and taking market share. Have you never heard that "competition is good for the consumer?" You're so sure that capitalism is evil but what capitalism does is make producers bring better products to market to attract buyers. No one has to buy a particular product if it's priced too high. At the same time the producer has to charge enough to recoup his costs and still make a profit. The problem with some people is they think people should produce things at the lowest possible price so that they have to spend very little. If people did that then they'd eventually go broke and consumers would no longer have that product. Competition is what keeps prices reasonable but there are times when prices have to rise because of outside influences like the government injecting too much money into the system(inflation) or the producer's costs rise(cost of fuel for example). The question is why don't you know this? Why don't you know that systems like communism fail because they take incentives to do better out of the marketplace? Capitalism works because hard work and risk are rewarded. Take that away and the system unravels. Turn enough of the population into wage slaves and you risk unrest. We're seeing a bit of that now.No they are allowed to charge way below or way above market
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Hard work and risk not necessarily rewarded. workers do both of theseYou don't get it. Companies that charge too much for a given product risk competitors charging less and taking market share. Have you never heard that "competition is good for the consumer?" You're so sure that capitalism is evil but what capitalism does is make producers bring better products to market to attract buyers. No one has to buy a particular product if it's priced too high. At the same time the producer has to charge enough to recoup his costs and still make a orofit. The problem with some people is they think people should produce things at the lowest possible price so that they have to spend very little. If people did that then they'd eventually go broke and consumers would no longer have that product. Competition is what keeps prices reasonable but there are times when prices have to rise because of outside influences like the government injecting too much money into the system(inflation) or the producer's costs rise(cost of fuel for example). The question is why don't you know this? Why don't you know that systems like communism fail because they take incentives to do better out of the marketplace? Capitalism works because hard work and risk are rewarded. Take that away and the system unravels. Turn enough of the population into wage slaves and you risk unrest. We're seeing a bit of that now.
Turn enough of the population into wage slaves and you risk the wages slaves saying our bosses need us, we dont need them and overthrowing capitalist exploitation which you know this system is about
sellers can sell for watever price they want. sellers set price. i know from personal experience lol
They sell for what the market will bear. If they set price too high and not enough people buy then they lower price. If they have to continue to lower price to the point product isn't profitable then they stop making product. That's the real world reality ricky. And when talking risk talking about putting up their capital to bring a product or service to market. Workers don't incur risk. It's the owners of the company who incur risk and they get rewarded if product is successful. Workers get paid. If you want to do better start your own company and put up your own money. Or risk your money getting trained in a skill that employers will pay you more for.Hard work and risk not necessarily rewarded. workers do both of these
Turn enough of the population into wage slaves and you risk the wages slaves saying our bosses need us, we dont need them and overthrowing capitalist exploitation which you know this system is about
sellers can sell for watever price they want. sellers set price. i know from personal experience lol
Fuel trucking, railroading, healthcare all risky dont give me thatThey sell for what the market will bear. If they set price too high and not enough people buy then they lower price. If they have to continue to lower price to the point product isn't profitable then they stop making product. That's the real world reality ricky. And when talking risk talking about putting up their capital to bring a product or service to market. Workers don't incur risk. It's the owners of the company who incur risk and they get rewarded if product is successful. Workers get paid. If you want to do better start your own company and put up your own money. Or risk your money getting trained in a skill that employers will pay you more for.
Buyers dont always act rationally. sellers set price.
We're talking about the risk involved in starting a company and making it successful. An employee does his job. An owner must risk his money to make his company successful and many who try fail.Fuel trucking, railroading, healthcare all risky dont give me that
Buyers dont always act rationally. sellers set price.
Employees risk money too but theyre not necessarily investedWe're talking about the risk involved in starting a company and making it successful. An employee does his job. An owner must risk his money to make his company successful and many who try fail.
Owners put employees life at risk to make moneyWe're talking about the risk involved in starting a company and making it successful. An employee does his job. An owner must risk his money to make his company successful and many who try fail.
I should know
Which is why there are government regulations to protect employees.Owners put employees life at risk to make money
I should know
Which are heavily influenced by money and therefore inadequateWhich is why there are government regulations to protect employees.
How much have you risked at your job?Employees risk money too but theyre not necessarily invested
My lifeHow much have you risked at your job?
You said money. How much?My life
Employees can get fired easily if not unionizedYou said money. How much?
If employees injured and disabled whats that worth?You said money. How much?
How much money have you risked?Employees can get fired easily if not unionized
Most employees aren't and that's why we have insurance. Has nothing to do with owner risking his capital. And that owner is providing jobs.If employees injured and disabled whats that worth?
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