3 ms·
> Louis Vouitton sells a handbag for $2k. Is it worth $2k? You could say no, that any other bag would be just as useful. But value isn't utility alone. People f
by cma 4y ago
> Louis Vouitton sells a handbag for $2k. Is it worth $2k? You could say no, that any other bag would be just as useful. But value isn't utility alone. People find that the bag is worth the price because of the prestige that the brand imbues the owner with.
Change the analogy so that the customers design and mostly manufacture the bag.
- rizky05 4y ago[dead]
- christophilus 4y agoAnd the government uses taxpayer dollars to fund the design process.
- deleted 4y ago[deleted]