You have to bear in mind that Photoshop was primarily written for professionals working in the graphics/photographic industry.
It is a biproduct of its seniority and professional use that it has filtered down to almost all photographic editing applications.
Adobe can charge what they can, because it is aimed at professionals.
They basically give away Elements for the mum and dad brigade to make minor edits to their family photographs and travel snapshots.
People who actually make a living out of photography aren't complaining. At the end of the day, it's an expense, and, likely tax deductible.
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