There’s a huge difference between “it must be good because it’s expensive” and “the price indicates severe lack of demand and/or investment into making it.” A $5 pen isn’t necessarily better than a $.5 pen. But a $50 car is so wildly cheap compared to other cars that it’s unlikely to the point of absurdity that it’s even worth the price except as scrap.
The price doesn’t indicate anything other than what the seller thinks the customers are going to pay.
Companies are going to build their products as cheaply as possible. If they can make a car for 50$ they are going to do so. And what you just said is the reason why they are not going to sell it for 50$ but for 5000$, and you will immediately think that it must be less crappy.
I can show you tons of products that you can buy directly in China for half the price that you would pay over here in Europe, and I bet you that a lot of people reading this will think “the Chinese product must be a cheap knock-off”, and the only reason you have is that just because something is more expensive people expect it to be better.
I bought a wireless computer mouse in China for 3$ including shipping, and it’s working fine. The Bluetooth headphones that I use daily cost 5$. We are so used to the prices that sellers ask for that most people have no idea what things actually cost to produce.
There’s a huge difference between “it must be good because it’s expensive” and “the price indicates severe lack of demand and/or investment into making it.” A $5 pen isn’t necessarily better than a $.5 pen. But a $50 car is so wildly cheap compared to other cars that it’s unlikely to the point of absurdity that it’s even worth the price except as scrap.
The price doesn’t indicate anything other than what the seller thinks the customers are going to pay.
Companies are going to build their products as cheaply as possible. If they can make a car for 50$ they are going to do so. And what you just said is the reason why they are not going to sell it for 50$ but for 5000$, and you will immediately think that it must be less crappy.
I can show you tons of products that you can buy directly in China for half the price that you would pay over here in Europe, and I bet you that a lot of people reading this will think “the Chinese product must be a cheap knock-off”, and the only reason you have is that just because something is more expensive people expect it to be better.
I bought a wireless computer mouse in China for 3$ including shipping, and it’s working fine. The Bluetooth headphones that I use daily cost 5$. We are so used to the prices that sellers ask for that most people have no idea what things actually cost to produce.