👉 Overcheapness is a term used in economics and marketing to describe a situation where products or services are perceived as being too expensive for consumers to afford, even though they may be considered more affordable compared to similar alternatives. This can occur due to factors such as high-quality manufacturing costs, lack of competition, or the perception that a product is superior to its competitors. Overcheapness often refers to situations where a good or service is perceived as being worth less than it actually costs, despite the fact that
