Post
Topic
Board Economics
Re: How to reduce the price of goods
by
Iroh
on 16/10/2023, 22:59:36 UTC
The problem of increasing transportation costs is very often the cause and this is very clearly influenced by the increase in fuel prices so that it also has an impact on increasing prices for all other goods that are often consumed by all people. This really needs to be given better attention by the government because I am sure that not all people are ready to face this unbalanced economic situation in the long term. Moreover, the core of the problem has also been well detected, namely the increase in fuel prices in each country.

An increase in energy prices which would in turn, affect the transportation of goods and raw materials could very well have a hand in the rise in the prices of goods. But I doubt it’s often the cause of rise in prices. Not trying to downplay the fact that cost of transportation could also affects prices but money spent in the purchase of raw materials as well as the actual production costs are more likely to affect the prices of goods.




Monopoly has more negative sides than positive ones, however, it also has positive ones. Let's start with the first ones. Monopoly means that the manufacturer or management has no competition, it means that the quality of services or products will probably not develop, because no one will be able to overtake you by providing a better service. The positive side is that if the monopoly is reasonable, then it allows you to create an order and a quality bar, but this is a rare phenomenon.

Monopoly in the market has just one advantage to the consumer that I can think of. Stable prices of goods. Without a healthy competition, there wouldn’t be much use to be innovative. Companies wouldn’t standard and quality of products would remain the same