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Today, let's talk about what kind of things have 'value'?
Value has never arisen out of thin air; it is determined by our social consensus.
Why do products have value? Because someone is willing to exchange this cost for the product, that is why the product has value.
However, the determination of value is based on the consensus of the entire society. If the competitors around you price their drinks at 50 yuan, then when you sell your drink for 60 yuan, you will be eliminated by the market and go bankrupt. Conversely, if you sell your drink for 40 yuan, you will go bankrupt due to cost issues. Thus, the surviving companies can only be price takers (without pricing power, prices are determined by the market). But what if we have a strong ideology? (Or irreplaceable technology) Then we will begin to gain the ability to set prices.
Why do products have value? Because someone is willing to exchange this cost for the product, that is why the product has value.
However, the determination of value is based on the consensus of the entire society. If the competitors around you price their drinks at 50 yuan, then when you sell your drink for 60 yuan, you will be eliminated by the market and go bankrupt. Conversely, if you sell your drink for 40 yuan, you will go bankrupt due to cost issues. Thus, the surviving companies can only be price takers (without pricing power, prices are determined by the market). But what if we have a strong ideology? (Or irreplaceable technology) Then we will begin to gain the ability to set prices.
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