A price starts with a ‘declaration,’ is maintained by people giving credit to it, and fluctuates with the laws of supply and demand. The starting point of the price is not determined by people’s recognition, but by my own insistence. In other words, if you cannot assert yourself, you cannot start a business, and even if you sell your labor, you cannot receive a proper salary. Value formation is not a matter of good or bad abilities, but rather about being assertive. If you are not good at asserting your own price, even if you have excellent abilities and skills, then you have to live by the values set by others. - Joseph’s “just my thoughts”
Luxury goods are valuable not only because they are well-made but also because they are scarce. The proof lies in the abundance of counterfeit luxury goods. Controlling production and supply is one of the things luxury goods brands excel at. Initially, quality and reputation create luxury goods; however, the fact that the value of these goods does not diminish but continues to rise is due to the maintenance of scarcity. While customers determine the fate of the product, producers and suppliers also influence the fate of the customer. They achieve this through their offerings. - Joseph’s “just my thoughts”