Price Strategies for New Products

How are prices set? In the past, prices were set by buyers and sellers negotiating with each other. Sellers would ask for a higher price than they expected to receive, and buyers would offer less…

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Should You Worry About Inflation Now?

The year 2020 took a toll on all of us. Especially for the economy, many Americans and many around the globe are going losing their jobs and becoming unemployed. Because of this, the government issued stimulus checks to help mitigate the effects of mandated lockdowns. Unprecedented that something we have experienced has been the talk of all of 2020 and unemployment benefits. Rightfully, so, with millions of Americans losing their jobs due to lockdowns from the pandemic.

Although the money was not taken for granted by those who received them, others wonder whether this will give us exponential inflation in the long run. Whether or not people should invest in speculative assets like cryptocurrency and gold.

In the United States, while interest rates are still now (at the time of this writing), this artificial placement brings people to wonder whether the fiat money in circulation from the federal reserve will affect us in the long term.

Rises in prices have slowly gone up in response to money being pumped into the economy. Despite prices being artificially put down, but they will not be for long.

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