Quote:
Originally Posted by ford38v8
This is the definition of a free market. Costs peculiar to a specific business certainly do play a role in price increases, but need not be isolated to do so. More significant are the overall inflation levels of the economy and the supply and demand of the product in question. Markets also adjust pricing in anticipation of future conditions, such as the movement of home prices in anticipation of changes in mortgage interest rates and availability. It's not a conspiracy, it simply reflects the need to stay competitive in a free market.
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I agree. I posted this in response to comments about a company raising their prices. Hard to find tires for these old cars, so we'll either need to pay, boycott their products or make our own.
Any business that wants to stay in business and is losing money while selling a product won't be in business much longer.