Are you a socialist? Take the test...

[jlccc]

Originally posted by '956Wheel

jlcc, I get the impression that many, (18%) feel there is a grey area... I do. This is due to the fact that quality was not clearly addressed. IMO.

I understand what you are saying. But my poll has NOTHING to do with quality. The core issue I was trying to flesh out is this:



If a vendor's cost of an item goes down, is he obligated to pass that savings on to his customer?



This was prompted by YOUR statement in a previous thread wherein you said:

If a company reduces costs they should reduce price too, if not the consumer is getting cheated.



[snip]

Now what does it mean when a drop of a mere 20 cents a quart comes with this change. . CORPORATE GREED!

This is where I disgreed with you. You can call it corporate greed if you like. I call it making a profit. They are not FORCING you to buy their product. If you want the product, and think it's worth the money, buy it. If you don't, vote with your wallet. But don't complain about corporate greed or the price being too high. LET THE MARKET DICTATE THE PRICE.



I sincerely believe it is a socialist mentality which says the selling price must be reduced simply because the vendor's cost has gone down.



This is nothing personal, just calling a spade a spade in my book.

 

['956Wheel]

jlcc, I guess the poll was more specific than I had thought.



Bottom line my $$ is not to be toyed with by big brother! corperate America is just that... NOT America's corperations!



Now, out of curiousity, I would like to know how you feel about our governments way of dealing with Bill Gates? Just like to see what you think.



AMERICA= ... . "the persuit of happiness".



Mike

 

[RottnDogue]

Supply and demand... . this is economics 101.



Factors Influencing Supply



Supply is the amount of a good producers are willing and able to sell at a given price.



Supply depends on:

the price of the good;

the cost of making the good;

the supply of alternative goods the producer could make with the same resources (competitive supply);

the supply of goods actually produced at the same time (joint supply);

unexpected events that affect supply.







Factors Influencing Demand



The amount of a good demanded depends on:

the price of the good;



the income of consumers;



the demand for alternative goods which could be used (substitutes);



the demand for goods used at the same time (complements);



whether people like the good (consumer taste).