Quote from: Spaceman1000$ on October 23, 2023, 09:51:55 PM

All we have to do as people is to hope for a better tomorrow as our today's reality is strangulating us. The economy of our country is currently experiencing a term in economics called *hyper inflation", where the market forces are majorly determined by the marketer's, as government can barely come in to mediate the situation as they are handicapped with the situation of things. We are in for a long ride but I believe we will surmount it with time.

The economy continually depreciates but there’s nothing we can do beyond us having to blend in with the rate of inflation. As its been observed once prices gets inflated, there’s little or no possibility of it deflating. Yea how disheartening it sounds but as a people we’ve got to live through it. This inflation is majorly due to the unstable economic situation and it’s really appalling as the elected representatives at the top governmental positions who ought to look into these loopholes to create a covering to reduce the effect are even the ones helping the economy to depreciate further cos of first greed and their incompetence.
The sad truth of every non developing nation is her inability to manage times of economic crisis to curb the effect of an unstable economy which will in turn lead to high cost of living, currency depreciation and worst of all high rate of poverty. In a situation where an economy starts declining and no proactive measure is done to prevent its worsening, it will only lead to less development and a scenario where the inhabitants would have to strive daily to survive in the unfavorable conditions. The best solution is to have a competent, selfless leaders who would place the livelihood of their electorates first and ensure that they live sufficiently and they don’t deteriorate even as the economy does whilst trying to live through it. But we just hope on time.