You contradict yourself immediately in your first sentence. It can’t be both worth 1 and 2000 at the same time. Someone willing to pay a high price does not set that price for others. We are talking about setting fair prices, not just for a single outlier.
Your definition equates to “my wares are worth whatever I can convince someone they are worth.” Is that a fair way to set prices?
Your definition equates to “my wares are worth whatever I can convince someone they are worth.” Is that a fair way to set prices?
That actually hits the nail on the head and I believe that is a perfectly acceptable way to set prices for luxury items like a Gucci bag.
ETA:
It can’t be both worth 1 and 2000 at the same time.
It can, because people value things differently. One person might not regard a single item as being worth $1 and $2,000 at the same time, but two people could. And, as long as both people exist, the guy who thinks it’s worth $2,000 is who the company is going to sell it to.
I understand its based on perspective, I’m saying that you can’t say an item holds a certain worth objectively. A Gucci bag is only worth 2000 if you can find someone to pay that. I think the word “worth” is doing extra work it doesnt need to.
We may have different understandings, be referring to different definitions of, or be applying our own connotations to the word “worth”. I’m using it as a noun meaning “material or market value”, while I think you may be thinking of it like “The quality that renders something desirable, useful, or valuable”, or even as an adjective meaning something like “Deserving of or meriting”.
If that’s the case, I get what you’re saying and agree, I don’t personally think a Gucci bag is worth what people are willing to pay for it, nor do I think any part of its production justifies that price. Unfortunately, some people have more cents than sense.
You contradict yourself immediately in your first sentence. It can’t be both worth 1 and 2000 at the same time. Someone willing to pay a high price does not set that price for others. We are talking about setting fair prices, not just for a single outlier.
Your definition equates to “my wares are worth whatever I can convince someone they are worth.” Is that a fair way to set prices?
That actually hits the nail on the head and I believe that is a perfectly acceptable way to set prices for luxury items like a Gucci bag.
ETA:
It can, because people value things differently. One person might not regard a single item as being worth $1 and $2,000 at the same time, but two people could. And, as long as both people exist, the guy who thinks it’s worth $2,000 is who the company is going to sell it to.
I understand its based on perspective, I’m saying that you can’t say an item holds a certain worth objectively. A Gucci bag is only worth 2000 if you can find someone to pay that. I think the word “worth” is doing extra work it doesnt need to.
We may have different understandings, be referring to different definitions of, or be applying our own connotations to the word “worth”. I’m using it as a noun meaning “material or market value”, while I think you may be thinking of it like “The quality that renders something desirable, useful, or valuable”, or even as an adjective meaning something like “Deserving of or meriting”.
If that’s the case, I get what you’re saying and agree, I don’t personally think a Gucci bag is worth what people are willing to pay for it, nor do I think any part of its production justifies that price. Unfortunately, some people have more cents than sense.
Edit: added a word for grammar’s sake