Good day, amazing people of the Hive Blockchain. Welcome back to my blog. It is another edition in the #hivelearners community. I am so delighted to participate in this week's prompt price range.
One thing about the price of a commodity is it can never be constant; it can rise and fall anytime. Also, it depends on the product and the brand. One thing about business is how you buy is also how you will sell. Most times, people always think these traders are putting much interest on the commodity, but they are not. You can’t expect them to buy things at a high cost and sell at a low price; that is not business.
It is no longer news to us that the price of goods keeps rising day by day. One thing about the rise of commodities in my country is that it can never come down. I remember back then with twenty thousand naira you could stock up your house, but right now with the same amount I can’t stock up my house. Most times we think that these sellers want to make double the profit, but they do not sell the same way they bought. If the rate drops, the sellers will bring down the price.
The fact that inflation keeps rising is really making life unbearable for people, although most sellers take advantage of the country's economy to enrich themselves. Coming across this topic, I just remember those days when I was still staying in my aunt's shop. We may pay for a commodity at a high rate; before you know it, the price of that commodity will come down, and you will have no other choice than to sell below cost price because if you don’t, your goods will spoil. We fail to understand that it is not also easy for these traders.
When it comes to price, it doesn’t have a stable range. I don’t buy the idea of a strict cap; it is not also easy for these sellers. The past is the same thing: we passed through the rent of a store and also paid people working under them. If they should sell below a low price, they will end up closing their stores.
One thing about me is I don’t buy things with a price cap. When it comes to pricing, the seller will always ask you to price it, and they know full well that the market is competitive and that if they don’t sell well, you will get it at a cheaper rate in their competitor’s store.
Prices can’t be stable; the seller has to also have their own profit the government is. The in the right position to regulate the price control of the country, for the little idea I have about business is not something that the seller can control. The sell is the buy; we have to adjust because it is not also easy for the people during the business.
This is my entry on the going content #hivelearners #hl-w188e1 topic price range.
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I understand price cannot be stable and seller has to make profit but people tend to take advantage of this market for their own greed