Re: Member Announcements Thread
BLAADJLSDFHISFJHABVLSFGYAIWEBHFHASDFHLUSDHFHLSDGJV!!!
Warning: WoT approaching.
I have just had probably the most annoying conversation about economics in my entire LIFE! (It's a long time for me ok?)
Basically we have two stores that sell one product. One store has created an image of being somewhat of a delicasy store, whilst the other is simply stating the fact that it sells stuff cheap. The first store has an extremely wide selection of wares, whilst the second is focused more on being cheap.
Obviously the first store sells everything the second does, and quite a few products that the second one doesn't.
Now, these two stores both sell one of them big northern crab legs. It's from the same supplier, and I've tried both, they're the same size and weight and so fourth. Basically, it's the same product. BUT: The first store sells this product for 50% more than the second. The difference is that the first store takes the crab out of the box and puts it on ice in a nice looking counter with a smiling woman behind it, whilst store two just has a thingy that says "Mr. Freeze" and in there are the same legs, but in this instance, they look more like something from an alien invasion film, sticking out like they're gonna grab the first poor sod that tries to reach in there.
My point in this discussion is that the first store obviously charges the extra because they can, and when they do things this way and play on their image, can charge the 50% extra.
Now, since all my areas of study are concentrated around Physics, chemistry, and other such sciences, my conversatonal partner starts being condecending towards me. Along the lines of "Poor you, you might understand particle physics, but you don't know my market models." And such. His point was that there was obviously some difference in the produce, some reason why the first store was charging so much for it. Because they wouldn't just charge that extra for no reason.
Yes.
An economy student told me, that just because the store can charge extra, it doesn't mean it will.
Ok, I admit, I don't know the advanced terminology used in advanced analasy and such, but I do know the following:
Economy 101. Capitalistic principles:
Take whatever you can get, then try to get more.
Gaaaaaerrrrhrhrffhsjlf!
Basicly his argument was that because it's more expensive, it has to be inherently better.
I'm sorry I had to put you guys through that, but I just had to listen to this for 40 minutes.