… conclusion Let me go back to the economic gibberish once more. Whenever we curb our consumption, assuming that a substantial number of us do, we can actually prevent prices from rising and even cause it to decrease. It’s called the Law of Demand & Supply. Let us be refreshed on what this fundamental economic … Continue reading The mystery of the shrinking wallet: How to combat rising prices, part 3
con’t. I realize that the preceding paragraph (in part 1) shows such a defeatist attitude so let me try to redeem myself and offer some enlightenment on the subject matter. When prices rise steeply, there are two things we can do to combat the rising prices. The first thing we can do is to earn … Continue reading The mystery of the shrinking wallet: How to combat rising prices, part 2
Inflation has been rising. Government says it is now beyond 4% and many institutions are saying that we can expect inflation to breach the 5% mark very soon. The government already conceded that it will miss its inflation target — what they are not saying is they are missing the target by a mile. The … Continue reading The mystery of the shrinking wallet: How to combat rising prices, part 1
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