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by dev-il
2377 days ago
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The latter doesn't contradict the former. What the market will bear results from all the individual subjective value assessments of every individual. Indeed the market is made of all people, each with their personal and subjective assessment of value based on their own personal/subjective needs, criteria etc. What a product is worth TO YOU is your decision alone… and totally subjective, and… statistically irrelevant to the market at large. The objective value measure though that matters to the market at large is: for what price can you be certain to find a buyer (in other words: "what the market will bear"). |
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