Price discrimination
There is a lot of price discrimination in the world today. It takes place in places you would never imagine. Price discrimination is the practice of one retailer, wholesaler, or manufacturer charging different prices for the same items to different customers. This is a widespread practice, and does not necessarily imply negative discrimination. Some examples, is ladies' night: men must pay full price for drinks at the bar, but women pay only 50% of the regular price. Also, movie theaters that offer discounts to seniors, students, or children are another example of price discrimination. Price discrimination can benefit me or even other people in life in many ways. I think knowing about price discrimination will help me and others in the future because a lot of companies use it to bring more people in so companies will not have to go out of business. Also, it creates less overcrowding on transportation because some people would be more willing to pay a little higher or lower to ride on a not so overcrowded bus, train, or etc. Also, it gives some people a break on high prices and helps them with their money problems because a lot people like to go out and have fun, but cannot always afford it. In some cases, price discrimination may enable the firm to turn a loss into a small profit. This means that a business activity can keep going, rather than closing down. This is obviously beneficial for consumers because it increases their choice of goods and services. Also, there is avoiding congestion. Price discrimination is one way to manage demand. If there was no price discrimination rush hour trains would be more overcrowded. Price