7 ms·
>So raising prices tends to be limited to where demand is ineleastic or you have or can construct a monopoly or enclosure of some kind. United States Medical
by resource_waste 2y ago
>So raising prices tends to be limited to where demand is ineleastic or you have or can construct a monopoly or enclosure of some kind.
United States Medical
Anyway, outside of that, this typically is a good thing. $200 flat screen tvs make it easier to live life. I remember moving out of my parents house and being amazed at how affordable the minimum products were. Yes offbrand TV with 50 hz, yes you $2/lb meat with 30% fat, yes your shower curtain was a pain in the butt to install... But making 19k/yr, I could afford it.
- GartzenDeHaes 2y ago> $200 flat screen tvs make it easier to live life. From what I've been reading, those cheap TV's won't last more than 3 years. So those poor people will end up spending more on TV's than if they bought an old-style expensive TV. Same thing with shoes, rent, cars, etc.
- resource_waste 2y ago? I am still using my 200 dollar tv from 2012. If you want to repeat a fiction story about boots, that's fine, but its still a fiction story.
- avidiax 2y agoThat's more typical of the "Black Friday special". That TV cuts corners that don't make sense to cut, but the reputational damage that a super cheap low volume TV causes is minimal to none.
- inemesitaffia 2y agoTV's from Hisense and TCL are fine