Yesterday I talked about how capitalist economy system has been playing a role in the Inflation of the price of goods and services. Where there is capitalism is being practiced, it's glaring that the price of good and services in such country is being controlled by private individuals, it's bound that price of goods and services will be highly inflated. I used Nigeria as a case study where I said, most of the goods on foodstuff produced in Nigeria are being produces by Dangote company, that company determines the price of goods that's being produced with the aim of making gain not to provide and satisfy need of the masses.
Most times Inflation is not as highly inflated as we see it. What's the bigger picture?
Though, truly there's Inflation around the world currently but I think inflation is not as highly as we think it is but because of personal interest and gain, this makes Inflation to actually found it way into our market price on goods and services.
According to the Belarusian President,he said From today, "any price increase is prohibited. Prohibited! It starts today - not from tomorrow, but from today, so that prices cannot be inflated during the course of today," Lukashenko said."
I don't know maybe there is any economics theory to defend this action taken by the Belarusian President to just take Inflation in his country by just banning the increase of goods and services. This shows there is more to this than we are not seeing. Of course there is Inflation but it's not as high as it should have been.
Please note that, this isn't a cryptocurrency, financial or businessadvice,it's just an opinion. If you need a cryptocurrency, financial or business advice, consult a cryptocurrency or financial experts. Thank you.
