Post
Topic
Board Economics
Re: Are you aware of Shrinkflation?
by
TheGreatPython
on 09/05/2021, 21:21:03 UTC
Although, recently, not only prices have called our attention, but the fact that they are disproportionate to the amount, content, time, weight, size, etc, anyway, services and products have being modified deliberately. We could say widely opened adultered to profit more by spending less to produce or serve. Despite customers receive less, they are paying more cause the price is readjusted due the human perception in relation to the label, fact which explore mass products and services, taking advantage mainly of the ones who have mathematics quantitative difficults, that are the great part of the consumer society.
Would it be the dark side of Free Market?
Thanks for bringing our attention to this, I have always felt this is a situation that really needs to be tackled. I just don’t know why companies would increase the price for their products and at the same time decrease the quantity or quality, it’s really annoying. I have been seeing a lot of company products being done like this recently, prices goes up and the amount decreases, then what’s the need for the increase in price?

If they are going to increase the price of a product, then they should not alter the quantity, and if they are going to be reducing the quantity of the products, then they shouldn’t increase the price. We really need to start doing something about this. The problem is how to get everyone to agree to this.