The Causes And Consequences Of High Prices Of Consumer Items In Nigeria" A Case Study Of Selected Markets In Delta State

📄 Project Abstract

In Nigeria today every citizen is faced with the problem of general prices of consumer goods or items. This problem is also felt by the business firms, government and the economy as a whole. This is why this is deemed to be an important one that needs a careful and detail study. In this study the causes and consequence of high prices of consumer items will be highlighted, some of which are - high cost of production, high demands for these goods profit objectives of middlemen, actions of marketing/market curious, scarcity of raw materials etc. consumers are adversely affected in that they are forced to reduce consumption. The government will be forced with the problem of enacting laws and decreases to combat rise in the prices of items. Business firms seize the opportunity to expand their production capacity and the general economy will be faced with the problem of inflation. In this project, solutions to this problem will be advanced by visiting selected markets in few town and village...