9.09.2005

HK: A Free Economy

I find that Hong Kong is a true capitalist (read free) economy. There seems to be no concept of MRP(maximum retail price). This was even more startling when I saw that McDonald's, the firm that believes in standardizing everything, actually has differential pricing. Supermarkets of the same chain, are more expensive in certain areas and cheaper in other places.

3 Comments:

At 10:14 PM, Anonymous Anonymous said...

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At 10:21 AM, Blogger Vidur Gupta said...

Well, that's quite similar to the US. No price tags a lot of stuff here, so the same will sell for $2.5 at one store and $5 at a store couple of miles down the road.
Guess, that's the price for a free economy.

 
At 11:35 PM, Anonymous Joao said...

Hong Kong is a certain type of organized cartel. State goverment ownes all the land (and leases it), all the hospitals, all the schools...
There are only 3 supermarket chains.
Low cost ferriers do not land in HK...

 

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