Tag Archives: price tag

Beyond the price tag: how do you decide that something is expensive?

What is expensive? Why do you consider something to be expensive or may be even too expensive? (I am not talking about Bugatti, a private jet or a duplex on the 5th Avenue here, just about simple stuff) Do you make a comparison with other alike products? Do you take into account opportunity costs? Do you consider hidden costs?

In this short article I would like to talk about the perception of money, or better – understanding for yourself what “expensive” actually means.

Continue reading Beyond the price tag: how do you decide that something is expensive?

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