Post
Topic
Board Economics
Re: Fuel prices hitting an eight year high
by
AnonBitCoiner
on 30/11/2023, 19:13:08 UTC
In our country the price of oil for all needs has also increased and that is due to the increase in the oil used for daily fuel so that everything else also increases. And what I am afraid of is the magnitude of inflation that will occur here when the simple and poor people no longer have the effort to buy any goods because their ability has run out. And it's only the rich who don't feel destitute in their lives that perhaps the rich don't feel the effects of an increase in all goods.

The worth of oil increased and the major reason behind its increase value is that population is increasing which use oils and another sources of energy hence the power reduces and worth increases. In my opinion the increase in the worth of all necessary materials and minerals is due to enhancement in oil price so it is necessary to keep control on the uses of oil energy in our daily use so the price will reduces to some extent.

Rich don't hesitate to buy things because they already have large amount of money so they don't need to spend according to plan but poor people always think about their pocket so they use money only for useful works. Rich people focus only on completing their dreams because they have already completed their needs whereas poor people focus to get money for just their needs and they sacrifices their wishes.