ASK LEO: WHAT DETERMINES THE HIKE OF GOODS AND SERVICES;THE WHOLESALERS OR COST OF PRODUCTION?
For quite a while now, there's this part of inflation and deflation that baffles me a lot. Where I am directing and driving my first statement is a very simple one. When there talks about inflation and deflation; there is definitely talks about the cost of production, price, goods and services, demand and supply.
All these revolve around what inflation and deflation are all about. This common habit is common among the wholesalers,I am just saying this from a personal experience. Why is it that wholesalers increase the price of goods they already in stock when there's maybe directives from manufacturers the next supply will come with increase in the price of the supply. Immediately,the news is reaching the wholesalers,the next thing is for them to increase the price of goods they already had in stock.
Even if you are at their shop to buy the goods, immediately you will be informed that price has increased in your presence. Sometimes what I feel determines the hike in supply of goods and services is basically the cost of production. So some of problems we are facing concerning inflation comes mostly from the wholesalers. I don't know what I can call it or is it greed because I don't know either.
Please note that, this isn't a cryptocurrency, financial or business advice,it's just an opinion. If you need a cryptocurrency, financial or business advice, consult a cryptocurrency or financial experts. Thank you.
