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to think some people don't understand how business works, supply and demand, the market etc

(50 Posts)
kim147 Sun 16-Mar-14 13:53:50

Message withdrawn at poster's request.

EverythingIsAwesome Sun 16-Mar-14 13:57:20


brettgirl2 Sun 16-Mar-14 13:58:51

No prices also reflect supply. Cartels are not the only factor.

PinkyHasNoEars Sun 16-Mar-14 13:58:58

Going to need more.

GreenLandsOfHome Sun 16-Mar-14 14:00:00

I'd say that was stating the obvious really.

MrsSippy Sun 16-Mar-14 14:00:04

well done!

now can you explain the internal combustion engine, because I don't understand that!

kim147 Sun 16-Mar-14 14:00:04

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kim147 Sun 16-Mar-14 14:01:03

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brettgirl2 Sun 16-Mar-14 14:04:18

childcare head significant costs for the provider. It's not just 'what they can get at with'. The costs affect supply, they won't supply at less than that price. The demand at that price is what the demand at that price is.

brettgirl2 Sun 16-Mar-14 14:05:06

has and away hmm

kim147 Sun 16-Mar-14 14:06:41

Message withdrawn at poster's request.

Damnautocorrect Sun 16-Mar-14 14:06:51

Isn't the price of a baguette capped in France?!

GreenLandsOfHome Sun 16-Mar-14 14:07:22

I understand why childcare and school holiday flights are more expensive. It doesn't mean I have to be happy about it.

kim147 Sun 16-Mar-14 14:08:38

Message withdrawn at poster's request.

VeryStressedMum Sun 16-Mar-14 14:11:47

Of course it's obvious if you understand it, but a lot of people cannot comprehend the statement low demand low prices, high demand high prices. Doesn't mean they're thick.

SetPhasersTaeMalkie Sun 16-Mar-14 14:15:30

Every day is a school day on MN.

Are these the same people who don't understand CRB checks?

VeryStressedMum Sun 16-Mar-14 14:18:43

Also it's a bit simplistic to just say high demand equals high prices. That doesn't tell the whole story that's why people don't understand what drives the prices up. If the weather in China adversely affects the crops that will drive prices up which puts the prices up in the supermarkets. Not just because a lot of people want to buy rice in the local Tesco.

kim147 Sun 16-Mar-14 14:21:53

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kim147 Sun 16-Mar-14 14:23:03

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slightlyglitterstained Sun 16-Mar-14 14:25:08

There's also stuff like this:

It's complicated.

ThinkAboutItTomorrow Sun 16-Mar-14 14:29:26

I agree Kim I come across it a lot, and not just on here.

The other thing is all the people (OK, I mean my mum) who complain bitterly about companies making a profit for shareholders as though this is some moral wrong. But without accepting that if they have a pension, or savings, or insurance, they are effectively the shareholders the profit goes to.

We live in a capitalist society fgs, (my mum even votes tory) pretty much definitionally it is a society governed by a free market.

quirrelquarrel Sun 16-Mar-14 14:32:15

referring to my thread?

I think everyone understands it but wonders why something so basic isn't interfered with more really, when the target audience is so big.

kim147 Sun 16-Mar-14 14:35:31

Message withdrawn at poster's request.

GarlicMarchHare Sun 16-Mar-14 14:37:35

Well, the holiday prices go up that much because you have peak demand for a service in limited supply. If they could lay on an additional million planes during the holidays, the effect wouldn't be so pronounced.

Surely people are angry about being forced to form part of this demand peak, by the restrictions on term-time holidays? I don't think it automatically means they don't understand.

I happen to disagree with ThinkAboutIt on shareholder profits, free market, etc but that's another conversation, which I won't be having today.

Some products sell better when they are priced above the market and never reduced ... premium pricing can generate its own demand smile

GarlicMarchHare Sun 16-Mar-14 14:40:34

why are footballers paid so much, bankers paid so much etc

They are really interesting questions, kim. The phenomenon shows that we value football skills above life-saving skills, and the ability to create enormous debts above the ability to teach knowledge to children.

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