Prices depend on how we buy things in the market and also in individuals or marketers.
I'm an entrepreneur who sells in small quantities but knows how to place prices on goods so as to go to buy another one in time. Things are not smiling in the market, just because of the way we behave towards placing our price too high. So many entrepreneurs buy their goods at a cheaper rate, but sell at a price more than 100%. Placing prices so high by adding extra gain more than usual is not the best. We all know that marketers or entrepreneurs are aimed to sell their goods just to acquire gain.
Acquisition of gain is important, but the way we inflate our items depends if customers would still patronize us or not. We are in our world or in a world where we control the gain we make in any items we are selling. Entrepreneurs are all about making profits.
We just need to watch the kinds of profits we make on any of the items we are selling so as not to lose customers. What I sell demanded a lot of profit, but I just can't sell my goods for a long period of time without going back to purchase more. The lower the price, the higher the customers, and the higher the demand which will give rise to demand from the factory or wholesale.
Most people hike their goods just too much. Even the customers are complaining bitterly. I knew of someone who's selling same goods I'm selling, but she inflated her price to the high side. People are complaining, but she has this belief that she will sell her goods with the price she has placed. The truth is that, inflating your goods cannot pay you. In the process of lifting the price so high, those items might ran out of time and get expired.
We own our various businesses and should know how to add money where necessary so as to make gain/profits.
Allowing someone to regulate the price of goods in the market can cause serious problems. To me, I'm wise enough to control my market. I know how to add a little money just to sell my items on time. This will make me to go to the market on time to buy more. So, while others are still struggling to sell theirs, I would have sold five times or more than that fellow.
However, most traders do have union. They have a fixed price on each item in their shop. So, no one must sell below that price and when anyone does, he or she will be sanctioned.
Sometimes union always have say in most of the price of a certain goods. This is what I don't like in terms of business. I want to sell my goods with a mess profit so as to buy more.
So, leaving the price to be regulated by either government of so members would cause something that does not worth it. We just need to regulate the price ourselves so as to have a balance.