Forum Discussion
slowlane
Jul 19, 2008Explorer
macira wrote:
.... things are are worth what they cost to produce plus a reasonable profit. ...... "Charge what you can get" is surely not "supply and demand". It amounts to robbery.
1. What any thing is "worth" is what a buyer is willing to pay for it in the absence of fraud or coercion. The notion that the economic value of something is a function of its production cost is Marxist nonsense.
2. Everyone with something to sell will charge what they can get unless they are making gifts. Would you sell your used vehicle or boat or house to a stranger for less than you could get? Let me know when you are selling something.
Class is dismissed.
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