“basic economic principles” is handwaving. you’re storytelling, not making a scientific postulate
Comment on Why are vegan and gluten free items more expensive?
fine_sandy_bottom@discuss.tchncs.de 4 weeks agoThis is contrary to basic economic principles.
If a beef burger and vegan burger cost the same to make, but people will pay more for the vegan, that world attract more vegan producers to the market, and more competition would reduce the price.
commie@lemmy.dbzer0.com 4 weeks ago
fine_sandy_bottom@discuss.tchncs.de 4 weeks ago
It’s a lemmy comment.
commie@lemmy.dbzer0.com 4 weeks ago
it’s storytelling, not science
fine_sandy_bottom@discuss.tchncs.de 4 weeks ago
It’s social media, who’s making scientific postulates?
weker01@sh.itjust.works 4 weeks ago
Yup it is contrary to normal economic principles, read up on luxury goods and in particular veblen goods and how price finding works there.
In the end humans are not at all times rational. There is no homo economicus. Economics is as much math as it is a social study.
Feyd@programming.dev 4 weeks ago
That is a very rudimentary understanding of the system that doesn’t always pan out in a particular time frame or due to external factors.
fine_sandy_bottom@discuss.tchncs.de 4 weeks ago
It’s not rudimentary, it’s a complex system reduced to a few sentences.
Vegan patties have been around forever.
There aren’t significantly more barriers to entry for food products than other industries.
Yes vendors want high prices, but that applies to any product, not only vegan products.
The answer is, as everyone else has pointed out, economies of scale. There’s a larger market with more participants producing more beef burgers than there are vegan patties.
Nollij@sopuli.xyz 4 weeks ago
Economies of scale affects the costs to the manufacturer. Competition/demand affect the price to the consumer.