Why is gelato more expensive than ice cream?

Could you elaborate on the reasons behind the higher price tag of gelato compared to ice cream? Is it due to the superior quality of ingredients used, the intricate production process, or perhaps the unique flavor profiles that gelato offers? Additionally, does the traditional Italian craftsmanship and artisanal approach play a significant role in driving up the cost? I'm curious to understand the key factors that contribute to the premium pricing of gelato.