Mageshwar Medak on Nostr: Ok, so, Local meat sellers themselves decides the price on the basis of local demand ...
Ok, so, Local meat sellers themselves decides the price on the basis of local demand and supply, that's market determined price. But pre determined prices of packet goods like toothpaste, soap etc..,are not market determined price. Whatever the methods or formulas the good manufacturers may use, they can't determine the price across time and space. But the local meat sellers can decide more precisely and dynamically with changing demand and supply,ðâðð.
Published at
2024-12-30 15:14:43Event JSON
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"content": "Ok, so, Local meat sellers themselves decides the price on the basis of local demand and supply, that's market determined price. But pre determined prices of packet goods like toothpaste, soap etc..,are not market determined price. Whatever the methods or formulas the good manufacturers may use, they can't determine the price across time and space. But the local meat sellers can decide more precisely and dynamically with changing demand and supply,ðâðð.",
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