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In this video, I talked about the importance of price control in our economy, using Nigeria economy as a case study.
I sighted how government can definitely come in to ensure that the cost of living does not keep on going hard on daily basis.
Price control was defined, in which I said it’s the process at which a fixed amount is given on a particular good’s and services too.
I made it known that Price control, might not really be that lasting solution to our economy instability today, but it will indeed helped to reduce the level of crises facing the economy presently too.
Price control to me, is a tool that will indeed put an end to inflation in the market and also stop the level of which Market get monopolies at times, having the government to make some moves in that area Wil indeed stop the level at which high prices are being given to commodity today in the market and that will definitely help reduce the of living too.
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