There was a whole thing in the past where some smart individual would buy college text books for a fraction of the price then resell them to college students at a much more reasonable price but still at a profit for him.
Lots of people would love to buy their prescriptions from outside of the US because the same exact drugs are significantly cheaper elsewhere.
The whole point of capitalism at least the way it’s sold to average person is that they’re going to get the best price because businesses are competing with each other and will naturally offer you the lowest price. What’s happening in effect is businesses and companies are trying to figure out the exact maximum amount of money they can extract regardless and that’s not good…
If I can get a product and sell it cheaper than someone else why shouldn’t I be able to do that especially if it’s the same product and not a illegal knockoff?
The thing with products like games, textbooks, movies etc is that a large part of the cost is the design. This means that while you can make the products cheap and still cover the cost of manufacturing, you won’t make back the money from the design if your margin is very low. This gives manufacturers the ability to sell the same product in differently wealthy markets while still making a profit.
If you now take the product from a cheaper market and sell it to more wealthy consumers at lower price than they usually pay, you aren’t actually selling at a better price because you are providing a better service. You are selling at a better price because you’re breaking the manufacturer’s business model.
Of course this depends on the scale you’re acting in, but in theory preventing you from doing so would bring more equality between richer and poorer nations
There was a whole thing in the past where some smart individual would buy college text books for a fraction of the price then resell them to college students at a much more reasonable price but still at a profit for him.
Lots of people would love to buy their prescriptions from outside of the US because the same exact drugs are significantly cheaper elsewhere.
The whole point of capitalism at least the way it’s sold to average person is that they’re going to get the best price because businesses are competing with each other and will naturally offer you the lowest price. What’s happening in effect is businesses and companies are trying to figure out the exact maximum amount of money they can extract regardless and that’s not good…
If I can get a product and sell it cheaper than someone else why shouldn’t I be able to do that especially if it’s the same product and not a illegal knockoff?
The thing with products like games, textbooks, movies etc is that a large part of the cost is the design. This means that while you can make the products cheap and still cover the cost of manufacturing, you won’t make back the money from the design if your margin is very low. This gives manufacturers the ability to sell the same product in differently wealthy markets while still making a profit.
If you now take the product from a cheaper market and sell it to more wealthy consumers at lower price than they usually pay, you aren’t actually selling at a better price because you are providing a better service. You are selling at a better price because you’re breaking the manufacturer’s business model.
This isn’t something that can permanently work because either A: the manufacturer doesn’t get enough money to cover the design, can lead to bankruptcy or change of business model ©, B: through regulations this is prohibited or C: The manufacturer raises the price in the regions your buying from, breaking your business model and screwing over the people who can no longer afford it there.
Of course this depends on the scale you’re acting in, but in theory preventing you from doing so would bring more equality between richer and poorer nations