Thank you, again, for pointing out the obvious. I happen to know a local massive food producer with national distribution whose profits are so high he can buy, maintain and use private jets, planes and helicopters. Has for years. Maybe his wholesale prices are too high, resulting in ever higher retail prices at the grocery stores listed by Mr. Reich? Yes! Corporate greed must be managed.
Thank you, again, for pointing out the obvious. I happen to know a local massive food producer with national distribution whose profits are so high he can buy, maintain and use private jets, planes and helicopters. Has for years. Maybe his wholesale prices are too high, resulting in ever higher retail prices at the grocery stores listed by Mr. Reich? Yes! Corporate greed must be managed.
Producers control supply, and thus control demand, and thus cause prices to rise, when demand, like the demand for food, is inelastic. The demand and supply bit only works in the face of elastic demand.
BTW, The world is addicted to debt, and as result the demand for debt is inelastic.
People are also addicted to food, because it keeps us from starving, thus the demand for food is also inelastic.
Demand for what. Some demand is elastic, some demand is inelastic and for some things the only way to sell them (they are called unsought goods) is to convince the consumer that they want and need them. The art of door to door salesmen and advertising.
So what demand are you talking off. Looks like Karl Marx never took marketing 101, or Econ 101 and 102.
With a Business degree from a major public university you can be assured I've read several Econ books. More importantly, I've worked much of a career in businesses where the owners and top executives were compensated quite well and we, the workers who earned that compensation for them, struggled. My suggestion; you begin talking to yje workers of large companies. Enough said, no more responses .
Thank you, again, for pointing out the obvious. I happen to know a local massive food producer with national distribution whose profits are so high he can buy, maintain and use private jets, planes and helicopters. Has for years. Maybe his wholesale prices are too high, resulting in ever higher retail prices at the grocery stores listed by Mr. Reich? Yes! Corporate greed must be managed.
troll
Producers control supply, and thus control demand, and thus cause prices to rise, when demand, like the demand for food, is inelastic. The demand and supply bit only works in the face of elastic demand.
BTW, The world is addicted to debt, and as result the demand for debt is inelastic.
People are also addicted to food, because it keeps us from starving, thus the demand for food is also inelastic.
Chomp on that troll.
Now you know what I know. That gentleman shouldn't be able to support his luxury fleet of aircraft with revenue from our grocery shopping.
Thank you Bob Cox! Well said
No you read an econ book and go to the section that talks about elastic and inelastic demand.
You are fucking tool, dude.
Demand for what. Some demand is elastic, some demand is inelastic and for some things the only way to sell them (they are called unsought goods) is to convince the consumer that they want and need them. The art of door to door salesmen and advertising.
So what demand are you talking off. Looks like Karl Marx never took marketing 101, or Econ 101 and 102.
With a Business degree from a major public university you can be assured I've read several Econ books. More importantly, I've worked much of a career in businesses where the owners and top executives were compensated quite well and we, the workers who earned that compensation for them, struggled. My suggestion; you begin talking to yje workers of large companies. Enough said, no more responses .
Phuck off Karl
de nada mi placer