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"I love Terry Pratchett, but is there any evidence that this is true in our modern economy?" Certainly. It is well-documented that the supermarket chains that
by Mediterraneo10 6y ago
"I love Terry Pratchett, but is there any evidence that this is true in our modern economy?"
Certainly. It is well-documented that the supermarket chains that pop up in economically disadvantaged parts of the USA while established supermarkets pull out, are actually more expensive. While the package on the shelf might seem the same price as in a more mainstream supermarket, it in fact holds less contents.
- dragonwriter 6y ago> While the package on the shelf might seem the same price as in a more mainstream supermarket, it in fact holds less contents. They are often just the same packages at higher prices, the more “upscale” supermarkets can make up for the lower margin on goods both stores sell with higher margin goods that wealthier clientele will buy alongside core goods (things like in-store cut deli meats and cheeses, high-end alcoholic beverages, gourmet cheeses, in-store kitchen prepared ready-to-eat food, etc. When both kinds of stores exist within a radius where they compete with customers—the wealthier being more mobile—they use this fact in marketing, too, because this also let's them win same-good price comparisons.
- tt433 6y agoSome brands offer products at dollar stores that are identical to traditional store products except by volume; a hair or so less weight/volume per buck. It adds up.