I was originally going to respond to someone’s comment where I strongly disagree on what they are saying however I decided just to write a quick opinion piece by turning it into an article.
The question is is a major online, brick-and-mortar merchants contribute to inflation with the increase the selling fee and the membership? I think absolutely! If you’re saying how, that’s not true let me explain and maybe you’ll agree with me.
I had mentioned inflation a few times but I haven’t explained what inflation is, so what exactly is inflation? I define inflation is when the price of a product or service has increased over a short period of time where it cost more than what it would typically cost. inflation does not have to do with supply and demand and supply and demand should not get confused with price gouging.
In most circumstances when there is a high demand for a product or service the price is usually a bit higher although in some cases when there is a high demand for a product or service it may be cheaper than when there is not a high demand. It may be cheaper to mass produce as opposed producing only a handful on demand.
Price gouging is illegal, price gouging it’s an illegal business practice where a business knowingly knows there will be a high demand on a specific product or products in which they increase the price went under normal circumstances the price would not increase dramatically over a short period of time.
an example of price gouging: Let us assume gas station XYZ in Sun City Florida normally charges $3.35 per gallon for regular gas, soon as they hear there is a hurricane expected to come to Sun City, Florida they change the price to $8.35 per gallon for regular gasoline that would be price gouging let us assume gas station XYZ in Sun City, Florida normally charges $3.35 per gallon for regular gas, soon as they hear there is a hurricane expected to come to Sun City Florida they change the price to $8.35 per gallon for regular gasoline that would be price gouging. (Sun city, Florida is a fictional city)