The price of each product has been determined and managed for a long time. The price of a product or country-specific products is determined by the government, which is determined by keeping some profit in mind for the farmers and all the traders of this country or by keeping this amount from this amount.
Although there are many business sectors, there are people in many rural areas who are doing business and they fix the price of their products as they wish. Although in this case too, government laws have to be followed. Because it is determined based on the cost of a product and how much it has been spent. It is determined how much percentage margin can be made.
We constantly see in the news whether the trader has increased the price of the product from the range and is selling it at a higher price. In addition, we have noticed at various times that when a new buyer goes to buy the product, if he is new, the trader tricks him and takes a higher price from him.
It is seen that when the price fluctuates a little in the market, the trader increases the market price as much as he wants. This especially happens in the vegetable market and clothing and other products. The Consumer Affairs Department in our country is constantly working to control these issues. Traders cannot do heinous things.
In some cases, it is seen that there are farmers who produce all the products themselves. In that case, maybe some farmers or some individuals are facing losses. The reason for this is that they have spent more than the fixed price to produce their products.
Other farmers are selling the same product at a lower price or at a fixed price. If your production income is higher than this, then there is nothing to do. In this case, these farmers themselves increase the price of the product so that they can make some profit.
Even though the demand for their products is low, they sell those products at a loss. However, this is not the fault of the government, it is the mistake of that person or farmer or one has to accept it.
Besides, there are dishonest traders who sell their products at higher prices for extra profit.
They use some special intelligence, they think that the product I am selling will be available in very few places. For this, they deliberately increase the price of their product. So that buyers are forced to buy it at a higher price when they cannot find that product.
In addition, I have noticed one thing that those who sell products online sell their products at double or half the price of the market price or the price at which a product is available offline. Currently, those who are doing business online make extra profits.
If all these things can be thought of or seen, then the price should never be allowed to be determined by the traders. Because they always try to sell their products at a higher price. When they are making a high profit margin, they will never reduce the price of their products. Therefore, the price of the product should never be left to the sellers.
And I think that every trader should determine the price according to the market price set by the government and should not resort to dishonest methods. In this case, the people and traders should be careful. And the market price should be strictly controlled.
That's it for today, see you in the next blog. If there is any rule or mistake on this platform, then definitely let me know and I will correct it. You can contact me on my social media for any need. Finally, today I am saying goodbye, wishing everyone good health.
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My name is Khalid Saifullah. I am 18 years old and currently, a second-year student in the Department of Arts, studying Alim. I live in Bangladesh and have a passion for travel, learning, and implementing new ideas. I enjoy immersing myself in nature and have a love for photography, blogging, and drawing.
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