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I see it another way. I think the products will become cheaper to produce but the prices will remain the same or higher. Just because something is cheaper does
by westmeal 1y ago
I see it another way. I think the products will become cheaper to produce but the prices will remain the same or higher. Just because something is cheaper does not mean businesses are obligated to reduce price. If anything it's the opposite (as long as you can get away with it).
- SoftTalker 1y agoIn a competitive market, prices tend to fall to the zero profit point. Of course nobody survives on zero profit for long, so that's not exactly the reality, but it is the pressure. If an Item becomes cheaper to produce, and Company A and Company B both produce the item, one of them will drop the price to get more sales at a slightly lower profit per Item. And back and forth.
- TheRoque 1y agoThat's just the theory though, if you look at the videogame industry, the prices keep rising and lazy productions are more expensive than ever (e.g. oblivion remastered). Same goes for my movie theater, when did it x2 its price in the past 5 years while having less employees ? Oh wait, there's only one theater in town and I don't have a car, that's probably why.