We have all heard and read horror stories over the last couple of months about Corporate hospitals charging lakhs of rupees for covid treatment and bankrupting the patients. People wondered if there is no end to corporate greed and exploitation?
But, hold your horses right there! Our host is going to argue that high prices are a necessary evil. They benefit us more than they hurt us. Let us see how. During natural disasters and epidemics, why do the prices of certain products and services go through the roof?