said by fifty nine:I don't see how an item's or a service's actual cost reflects the market price though. With other goods and services thanks to cheap labor overseas they cost very little to make. Yet companies charge a significant sum for them.
Why is that? The answer is profit and shareholders. You can't really fault companies for wanting to make a profit and shareholders for wanting a decent return. It's not always about what's the consumer wants. If the price is too high for something I simply don't buy it. I'm sure if enough people did that the price of a product or service would adjust to where people would be comfortable buying it.
would not be a problem if they were not allowed to have near monopolistic powers.
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NO U