(28-04-2025, 06:55 PM)Lilith7 Wrote:(28-04-2025, 05:00 PM)harm_less Wrote: That comment just proves you have no understanding of the basic functions of the market or the potential contributing factors that lead to supply shortages. Often such factors put upward pressure on prices, for example insufficient manufacturing capacity which results in a failure to reach the economies of scale that could otherwise reduce price.
Also slow moving stock that needs to return the cost of the warehouse space that it has occupied while waiting for a buyer. That is often the reason car franchisees charge so much for replacement parts, or increasingly adopt a 'just in time' supply model which relies on express overnight deliver of goods from a centralised warehousing facility (or airfreighted importation) both of which also add expense to the item supplied.
Shortages of basic items are not a good reason to increase prices. Doing so smacks of greed.
Someone selling overpriced bread in times of shortage of ingredients to make bread is making their profit at the expense of others.
Greed tends to happen often with what was sometimes called the 'black market'.
it's not nice I know but ultimately this comes down to the question "why would I sell my short supply and in demand XYZ widget to someone for this amount, when I can sell it to someone else for twice the price" - as long as there is someone willing to pay twice the price price, the higher price it shall be.
And then, there is the whole responsibility to the shareholders aspect - management couldn't sell for a lesser amount because that responsibility requires that they maximise profits for the shareholders...
I cringe when I think of how much a paid for a box of disposable gloves in the height of the covid pandemic, compared to now...
This world would be a perfect place if it wasn't for the people.
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