Quote from: Davian144 on Today at 01:59:41 PM

Quote from: wajik-tempe on December 06, 2023, 03:53:55 PM

Traditional economic principles dictate that when there is an oversupply, prices should fall; nevertheless, the current surplus has a practical challenge-finding room for these things. This issue extends beyond tangible items to encompass fancy automobiles and even gourmet meals, resulting in an unexpected abundance. The imminent likelihood of interest rate decreases adds another dimension to the complicated issue as we navigate this age of excess, perhaps worsening the task of managing and disposing of the surplus.

Apart from that, we also have to find out about the causes of the excess supply of each item that is currently needed by many people so that prices do not continue to decrease for each item that is experiencing an excess supply. Because this will make it difficult for traders to continue selling traditionally in the market, so we as a society need to find out about the causes of this so that not many traders have to go out of business because of excess supply. Because excess supply of many goods can also worsen economic growth in the country.

The real biggest issue is that one item that could be so much cheaper and could be accessed by people could be not manufactured enough to jack up the prices in order to make more profit. That's a moral and ethical issue but not illegal neither. Let's take a drug for example, if a company produces 100 million of it each month, and sell it for 1 dollar, they make 100 million dollars a month, but if they produce just 10 million, and sell it for 50 bucks, they do make 500 million instead.

This is how pharma companies work, they want to make sure that the yare not producing a lot of it, so that people would not buy it in bulk, sure there are simple drugs like parol that would be made like that, but I mean very important ones.