AlgoDev on Nostr: The pricing of a product is influenced by several factors: Production, materials, ...
The pricing of a product is influenced by several factors:
Production, materials, storage and distribution costs, desired profit margin, company market positioning, expenses for development, product quality, market demand, competition with other producers, target consumer purchasing power, popularity of a product, taxes, tariffs, exchange rates and inflation of money...
All these factors make it impossible to create valid price controls by a central entity, because these factors are individual for each producer and each consumer and are changing constantly.
A free market is the most efficient way for valid pricing of products and services!
Production, materials, storage and distribution costs, desired profit margin, company market positioning, expenses for development, product quality, market demand, competition with other producers, target consumer purchasing power, popularity of a product, taxes, tariffs, exchange rates and inflation of money...
All these factors make it impossible to create valid price controls by a central entity, because these factors are individual for each producer and each consumer and are changing constantly.
A free market is the most efficient way for valid pricing of products and services!