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RE: Price rises | #club75 | 20% payout to STEEMALIVE
Interesting...☺️
Ofcourse the economy lies on Demand and Supply.
Like you asked earlier;
So what's causing the high price of goods in Nigeria ?
Production is a good cause, when a country doesn't have good manufacturing facility or mechanism they tend to go for importation and hence there will be increase in price because the traders will have to consider some challenging factors like their transport fare, spoils and many other related factors. So when a country produces it's people's demand without exporting it for sure the price of those goods will be reduced.
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Thanks so much
Thanks so much