Post
Topic
Board Economics
Re: How to reduce the price of goods
by
huu78
on 15/11/2023, 19:07:58 UTC
I have been thinking and trying to analyze what is really causing the high cost of food in Nigeria, I came to realize that monopoly is the major factors, Nigeria government are the enablers. How can one person be the sole major distributor, government should welcome competition in the business sector, every business person should be allowed to produce.


If there is only 1 distributor and others are not allowed, then the only way is to do a demo of it, because there will be no competition and the owner will make whatever price he wants because there is no competition.