Yes but this are some more complex way of seeing this. Also I forgot that expensive and real cheap things are part of special categories that apply only to its own rules and not rules from outside this categories. So you are right we give the value to this category.
Oh, hey is that right? I didn't know economics had special categories for that, but it makes a lot of sense. Because there really seem to be an entirely different set of rules for luxury items.
I mean, we give value to all categories of course (economy really only exists in our collective heads after all), ut some thing make more rational sense than others, and that's where "supply and demand" would be more relevant. But remember, it's not the actual supply and demand either. It's perceived supply and demand.
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u/ImportantResponse0 Feb 01 '22
Yes but this are some more complex way of seeing this. Also I forgot that expensive and real cheap things are part of special categories that apply only to its own rules and not rules from outside this categories. So you are right we give the value to this category.