Wednesday, April 4, 2018

The Law of Demand & Supply In Economics

The Law of Demand and Supply.

If the price is high, the demand for labor and supply is low.
If the demand is high, the price for labor and supply is low.

Do you believe the law of supply and demand?

Truth is... IT DEPENDS on the stability of the market or the manufacturer of goods and those who are involved in services of labor.

Everyday is different. Everyday the movements of goods and services are different based from the economic trends and within the actions taking place in the global market.

One can set the trend in producing more goods or supply and it will depend on the availability of resources.

Certain manufacturers of goods can always set the price index so high based on its high demand. Some goods are fixed and some labor are fixed based on its contract signed by movers and shakers of such products.

Let's take for example on clothing and accessories. Did you know that they discovered about the landfill waste? The manufacturers or producers of clothing will pay more than double when their clothing piled up the landfill? That they would rather sell their clothing lines at affordable prices than throwing them out and pay the landfill. Or swapping clothes better to keep these tons of clothes out from the landfill? Documentary shows about what happened to the clothes you wear as it ends up in the landfill. Necessary measures were made to recycle slightly used clothing to minimize dumping of clothes in the landfill. Well, that's good too especially when the landfill can be the source of wildfire, you know, you'll never know how wildfire can travel to your homes and how the entire town ends up homeless. The value of houses are more valuable perhaps...more than your clothes. Am I right? Of course I am right, dude!

Whatever, a dress simply is and should be affordable for humans. Any clothing that is way over the $50 value is not right,  inappropriate and over priced. Use common sense!