Economic Analysis of Business Practice
It's interesting that cars, household furnishings and clothing prices remained relatively unchanged over the last 20 years. I believe the increase cell phone service and TV options have contributed to the decrease in their prices. Where there were a few major companies offering reliable cellular service, I have seen ads from more and more companies competing in this market. For example, Comcast specialized in cable and internet services, but I also received an offer for cellular service at a discounted rate if bundled with their other services.
Government subsidies in healthcare and college tuition definitely drive the price of goods up! While the advancement of technology and firms entering the market drive price down in the cell phone, software, and TV markets.
Think about which goods are purchased with "other people's money."
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