President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
Prices in capitalism are decoupled from scarcity through corporate profit seeking. In a perfect market falling supply costs would be passed on to the consumer. In our current economy they company eats the price difference and raises the price anyways
Prices in capitalism are decoupled from scarcity through corporate profit seeking. In a perfect market falling supply costs would be passed on to the consumer. In our current economy they company eats the price difference and raises the price anyways
No, you don’t understand. The invisible hand is attached to the wrist of God. Prices are never manipulated and gouging is a good thing.