Surgical scissors stainless steel teaching demonstration

Physical-object demonstration. End-use industry (medical) sets the price of commodity-grade engineered goods through liability cost.

[Tom produces a pair of surgical scissors.] Here are my surgical scissors. What makes these expensive? They're just stainless steel scissors. You could buy stainless steel scissors for twenty bucks. Twenty-five years ago these cost three hundred; they're probably seven or eight hundred now. Why? Because you're buying about five hundred dollars worth of medical malpractice insurance along with them. The big cost is the medical application it goes into.