Scarcity increases demand and the theory of demand and supply is such a beast… The more scarce a commodity Is, the more its value and the higher its price in the market. Naira scarcity was meant to help it gain against the Dollar but because Nigeria is messed up already, its not so. Nothing works here…
I’m not referring to the scarcity of products or commodities, but the reduction of the amount of money circulating in an economy in order to drive down inflation.
Answers ( 2 )
Scarcity increases demand and the theory of demand and supply is such a beast… The more scarce a commodity Is, the more its value and the higher its price in the market. Naira scarcity was meant to help it gain against the Dollar but because Nigeria is messed up already, its not so. Nothing works here…
I’m not referring to the scarcity of products or commodities, but the reduction of the amount of money circulating in an economy in order to drive down inflation.