For example, brands like Dyson and Shark. Both have similar products but Dyson is just way more expensive. Is it better because it’s more? Or are you really just paying for the name.
I owned both air wrap hair tools and saw no difference between but the price was dramatically different.
I don’t understand how some things are more expensive. Lululemon has shirts for $70+ but similar ones of another brand are way cheaper. Louis Vuitton products are insanely priced but people buy them. Why are they so expensive and why do people buy them? Is it a way to say I have money? I do not understand. Thanks for any replies.
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It really depends on the brand/product sometimes is quality or materials, sometimes is taxes or place of origin, sometimes is just prestige and there’s also the fact that you get diminishing returns for example a $10 vacuum could be crap and a $20 one would be decent, a $100 one would be even better but the difference from 10-20 would be more noticeable than the one from 20-100. Also in thing like LV it’s just status symbol it’s not expensive because it’s coveted but rather coveted because it’s expensive
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