>>14065153>Is there an empirical function for demand? What determines demand?Needs+wants
>If i produce tons of toys made of shit no one will buy themLOL tell that to a pet rock owner or Hasbros MLP collection. Plastic crap all around.
>If there is no one to buy them, there won't even be pricingThen you made a shit product. Correct "there is no demand"
>So what is it? It is a combination of a lot of different factors, but is there any paper on demand functions with some empirical proof?A few retards once tried to quantify "needs and wants" and they couldn't do it without it causing several genocides. So for your own benefit "No there is no empirical proof of "value". It's arbitrary, and that's a good thing.
>>14065603There is no utility to Doritos and yet the populace demands them still. These are one of the things that's almost a pure want and yet it drives the demand up more than the "utility".
>>14066474>people are polarized retards and work like magnetsYes, they'll even "attract" to stuff despite having no actual belief or "magnetism" of their own. They flock to polar opposites simply because others do and they feel strength in numbers. Their friends like doritos and they don't? They'll "learn to acquire the taste".
And there you go, you've found someone who will purchase despite having no need or want of the actual product. Another reason to why there is "no specific utility" of value, supply or demand.
>at this level, the finiteness of ressources and zero sum game is to be taken into accountAgain, "Don't do this". Material can be refined to be better...while using less of tat materal. Do not plan for stagnation otherwise it becomes a self serving prophecy (because remember; your little polarized humans will flock to what's popular, even if it doesn't help them).
