I use a gel pen that costs ₹10
It used to cost ₹10 a decade ago as well.
They can't increase prices without hurting demand by a lot.
So what do they do?
*They dilute the ink*
The pen used to last a while, now it lasts maybe a third as long before you have to buy a new one
It used to cost ₹10 a decade ago as well.
They can't increase prices without hurting demand by a lot.
So what do they do?
*They dilute the ink*
The pen used to last a while, now it lasts maybe a third as long before you have to buy a new one
As inflation rises, take a look at the packets you're buying.
Price will go from ₹22 to ₹25 and the weight will go from 100 to 95 grams.
Not only did you see a 13% increase in price, you also saw a 5% decrease in quantity i.e. the actual price rise was about 20%.
Price will go from ₹22 to ₹25 and the weight will go from 100 to 95 grams.
Not only did you see a 13% increase in price, you also saw a 5% decrease in quantity i.e. the actual price rise was about 20%.
Consumer companies can't cause price shocks without crashing demand.
So they just stealthily reduce the quantity of the product they're selling.
In a way, it's a lot of what the government is doing by printing money (making the real value of money go down)
So they just stealthily reduce the quantity of the product they're selling.
In a way, it's a lot of what the government is doing by printing money (making the real value of money go down)
Maggi used to cost ₹10 for 100 grams.
I recently went on a road trip and had to buy some as emergency food. I was shocked to find that it costs ₹12 now for 70 grams.
You may not notice it, but on a per gram basis, the price is 71.4% higher.
I recently went on a road trip and had to buy some as emergency food. I was shocked to find that it costs ₹12 now for 70 grams.
You may not notice it, but on a per gram basis, the price is 71.4% higher.
This is not the fault of the manufacturer, but of monetary policy where the government keeps printing more and more money to meet their cash outflows.
The value of money keeps falling and you get poorer.
Bitcoin is fixing this. You need to learn more.
teachyourselfcrypto.com
The value of money keeps falling and you get poorer.
Bitcoin is fixing this. You need to learn more.
teachyourselfcrypto.com
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