Discussion post

 If a company figures out how to make product X using less steel or less glass, assuming the end result has the same utility as the original product, then the company has created additional economic value, right? If a company leverages its bargaining power to force suppliers of steel or glass to lower their prices, has it created any economic value? If is does the same with respect to labor, has it created any economic value?Here’s a concrete example. Company A makes product X and it sells for $10. Because this company has a captive work force (it’s the largest employer in a small town), it is able to lower wages. It uses labor savings to lower the price of product X to $9. Has the company created any additional economic value?

Order your essay today and save 20% with the discount code: GREEN

Don't use plagiarized sources. Get Your Custom Essay on
Discussion post
Just from $13/Page
Order Essay

Order a unique copy of this paper

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
Top Academic Writers Ready to Help
with Your Research Proposal
Live Chat+1(978) 822-0999EmailWhatsApp