Re:Greedflation: Corporate profiteering 'significantly' boos...
by refurb on Friday December 08, 2023 @12:01AM
(#38565642)
Examining which part of the supply chain put their prices up seems pointless unless it sheds light on why that part of the supply chain in particular could put their prices up.
Excellent synopsis.
Price discovery is not perfect and not instantaneous. And as you said, there is a constant upward pressure on prices as a part of profit seeking. It’s the downward pressure of competition that keeps it in check.
Inflation disrupts this equilibrium.
The cause of the disruption is where the focus should be.
Excellent synopsis.
Price discovery is not perfect and not instantaneous. And as you said, there is a constant upward pressure on prices as a part of profit seeking. It’s the downward pressure of competition that keeps it in check.
Inflation disrupts this equilibrium.
The cause of the disruption is where the focus should be.