RE: Value is subjective and varies among unique customers.
Posted on: October 4, 2017 at 12:05:07 CT
meatiger MU
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I did most abiut purely from the consumers standpoint. Higher prices may also be good as they can help drive wages up for the workers that make the product, or allow a company access to more capital for expansion. Higher prices can invite more competition and innovation to help bring prices down. My problem with pickelnomcs is that he thinks of everything from a cost reduction of the consumer standpoint, not a value standpoint. Or even longevity or sustainability side.