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High price = High quality?

A price reflect what people are willing to pay.
It has nothing to do with quality.

The price = quality trap serves as a good representative of correlation /= causation
 
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A price reflect what people are willing to pay.
It has nothing to do with quality.

The price = quality trap serves as a good representative of correlation /= causation
Mmmh...i have bought low price cookies and tastes bad instead of the cookies i buy usally but with double price...
And What about the wine? The wine with High price have more quality?
 
Price has nothing to do with quality. In most cases, not all. It's just how good you are at convincing people your stuff is high quality.
Just look at Apple. They make sub par laptops and they sell it for a fortune.
 
There is a point of diminishing returns on most consumer goods, whether it be food, clothing, or electronics. How much one is willing to pay is going to depend on a lot of factors. The one thing people ought to pay attention to, more than the others certainly, is what food they are eating. You don't have to drop $100/visit to the grocers to eat well (depending on family size, of course).
 
There are shows dedicated to this in the UK funnily enough.

Ususally the second lowest price/mid-range version of something is the one to go for. Sometimes the lowest price but not always.

The highest prices tend to be either middling or poor in comparison although it is the luxury and uniqueness that make those sell.
 
Highly depends on the product. For me personally I don't like cheap clothes so tend to spend more, and feel I get better quality nicer looking clothing by going for say addias Nike and North face.
 
Absolutely wrong. You just have to get a bit lucky and look around for the good stuff.
Paying a lot for something doesn't mean it's high quality it's jus means it's more expensive than other similar products.
Sure there are times when it's true but most times paying more for something your paying for the name/branding you buy.
 
Absolutely not, you have to distinguish expensive products mainly because of their high quality from expensive products that cost a lot because they're flashy, trendy or "premium". Of course there are things that cover a little bit of all of these topics, but I'd still want something reliable and well made even if it looks silly or isn't popular.
 
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The wine with High price have more quality?

Nope.
How the wine is made doesn't change so it's usually the age of the bottle or rarity of the grapes that vintage that dictate the price.

Also with most things, including wine your paying more for the label.

You could buy a blank tee shirt the same quality as what ever company logo shirt people buy, but for a fraction of the price.
 
It depends on what you're talking about . For instance , a pair of Nikes I had since early college years are still good. They look beat up but the soles are still intact the front isn't pulling away from the stitching or anything vs. some Kmart sneakers I bought to do work around the house lasted maybe a year before there was a hole in heel . Somethings are just better to spend the extra money on . A pair of $70 Levi jeans vs $30 Old Navy jeans if you were to pick up both of them you can instantly tell the difference in quality .
 
Because of free market's price finding mechanism that usually is true.

But...

We haven't seen free market since establishing of central banks all around the World, so to your question I answer: sometimes.
 
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sometimes yes, sometimes no. I've found in TV's it to be true. A $10k tv like I have on my wall completely destroys a $2k tv. You can see where the money went and why its so expensive, and you can see the flaws in those lower quality sets easily. The problem is itss still not work 10k, It should be 5k. The price just goes exponentially up because they can charge it.
 
No not at all. Many companies on the stock market are so overpriced it's not even funny lot of people are just throwing their money in index funds or whatever sh!tty investment vehicle they're being told to put their money in without giving it a second thought it sickens me.

Remember what happened like 10 years ago?? Lot of dumbas$ Banks went under buying sh!tty garbage debt not worth anything and lost everything. Fukking idiots.
 
Some stuff better said higher prices brand products are simply better.... Especially in taste

Do nothave to be in quality but in the recipe.
 
I don't know how it is in the US, for the UK and I guess other European countries, in terms of food and clothes, it's as much as who you're buying from as it is what you are actually buying.

Don't be afraid to walk into budget/bargain stores that sell branded goods if you've previously avoided them, no point paying out up to twice as much on a necessary regular cost of living. Also worth looking at some stores own brand items if you don't, a lot of it is branded stuff that's been re-labeled. If I take Aldi and Lidl as an example, they are taking off over here because of their budget prices, but if you poke around, you'll find their food and hardware are often supplied by top chains (DIY tools are re-labeled BOSCH tools and roll out of the same factory, yoghurts are produced by Muller and come out of the same machine, etc).

I find that electronics that just tip over the £1000 per item mark are a nice sweet spot between quality, cost and future proofing for things like TVs, stereos and computers.
 
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Nope.

Couple of hundred grand supercars anyone?


Saw that video, man what a run around, I would be pissed if that was a Chinese car, much less a car that expensive. But in saying that, it should be pretty well known super / hyper cars are often very much not reliable, nor are English or Italian cars in general.

As to the thread, price guarantees absolutely nothing. It's entirely relevant to the product.
 
There is a certain cost for materials and manufacturing, so increased cost does have some correlation with improved quality although as . It is certainly not linear though and quickly plateaus. There can also be an inverse relationship, when costs associated with branding, advertising, executive pay, stock purchases etc etc eat into the material and manufacturing costs so that a cheaper item can be better quality.
 
Among all goods there is a high correlation between price and quality, but often the price difference will be used to pursue extra features.
 
It generally depends on the type of good, but with most consumer staples you really aren't getting anything more than a brand or fancier logo.

Growing up my grandparents would always shop at Aldi (discount grocer) and bring me along. Because of how small and "cheap" the stores seemed, even as a kid I took that as a negative indicator for the food quality.

As an adult I know their stuff is generally pretty good but even so that "cheap=bad" conditioning is pretty well hammered in. I think it's just an unspoken assumption everyone just grows up with in a consumption culture.
 
It's a delicate balance on price vs quality. The absolute best value always lies in the mid range. You get the longevity of a high priced item at somewhat value pricing.

In my experience.

Also always be looking for sales and never buy anything at full price.
 
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It depends really on what the item is.

Black and decker cordless drill is cheap but garbage. Dewalt is more expensive but a much better drill. But some are even more expensive and not any better.

Smuckers strawberry preserves are cheap and good, but the super expensive organic gluten free hypo allergenic cruelty free vegan shit that's like 11 dollars an ounce isnt worth a shit.
 
It's Brazil's motto. That's why Ford Mustangs and Land Rovers are considered luxury cars in this shitty place.
 
For many things yes. Usually lower priced alternatives are Chinese, which take shortcuts and make products that go bust much faster. Many companies do manufacture in China now but with high standards that they enforce. A few examples:

Buy high quality reputable 3D printers. The knockoffs will be a pain to maintain and will go down often.

Buy high quality paints (like Golden or Liquitex for acrylics). The cheap stuff usually lacks pigment and isn't formulated well (peels or fades).

Buy high quality airbrushes. Cheap Chinese stuff will clog and will be a nightmare to use.

On the other hand:

Cheaper 3rd party lenses for Nikon and Canon are fantastic (Tamron or Sigma).

The OnePlus 6 had better specs than the iPhone X at the time, and was half the price. Works extremely well and no issues.

Some Eddie Bauer coats just as good as Canada Goose (warmth and style wise)

It really depends what you buy. A lot of the time you pay a premium for the brand, because you're also buying "social class". For anything that requires any advanced engineering (electronics or complex mechanics) I would strongly advise to be weary of the much cheaper options (especially the Chinese crap).
 
Not any easy question to answer really. It's going to change from industry to industry and item to item.

I've bought cheap $5 shirts that have lasted for years and kept their colours vibrant. Other $5 shirts have faded and started to get holes within months.

Same with $25-$30 shirts. Some last for years and others dont.

Can't comment on $100+ shirts though.
^_^

Even with audio and speakers. Generally higher priced speakers will be better quality but than you have high priced products like Bose which should be avoided for their price point.
 
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