Why Can't All Prices Just Work Like TVs?

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TVs are one of those rare products in the world where prices only go down, and I’m not talking about the prices of used TVs or TVs with old technologies. Rather, the newest TVs with flagship technology get cheaper and cheaper every single year, not in a marginal manner either. TV prices have been consistently falling since the 1950s, and this trend has only accelerated throughout the 2000s with TV prices consistently falling 15% every single year. Even in the rare years in which TV prices increased, inflation was usually even higher meaning that the real prices of TVs were still going down. You could explain this phenomenon with the economics of scale, TV technology becoming cheaper, more competition, and so on. But, I think the real culprit behind this decline is simply consumer’s extreme clarity when it comes to buying TVs. This video explains why TV prices keep falling and why consumers are smarter than ever when it comes to buying TVs.

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Timestamps:
0:00TV Prices
2:21Adoption Delay
6:59Consumer Clarity
10:37Forcing Change

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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