If you buy a $9.95 knife at the gas station here in America, know this:
The gas station made $5 on that knife. That's a typical retail markup. That's what pays the clerk, lights and air-conditions the store, pays all of the taxes, etc.
The importer made $2.50. He has a warehouse and employees and bills to pay and the tax man at his door too.
It cost $1.50 to truck the knife from the factory in Rehla Rehla Bahd to the dock in Nounderstan, on the good ship Lee Key from Nohunderstan to Port of Los Angeles, and then from the dock to the warehouse in Compton.
The factory owner back in Rehla Rehla Bahd makes 50 cents profit. Truth be known, he's the only one getting rich on this deal.
And that leaves 45 cents for the total-manufactured-cost which materials, labor, and overhead.
45 cents is what the knife is really worth.
And you're surprised that the washers aren't Teflon, the mother-of-pearl is plastic, the blade which is marked 154CM is actually made of recycled folding chairs, and the heat-treatment consisted of the lack of air conditioning in the factory. And the 78-year old woman who barely supports herself on what she earns as the quality control inspector has never seen an optometrist in her life.
So, now that you know what you're getting for your $9.95, 45-cents worth of knife, do you still want it?
As my sainted father used to say, "Buy quality and you'll only cry once."
The joy of low price is quickly forgotten amidst the disappointment and frustration of low quality.