War cuts the price signal communications and the logistics to move the goods. Laos was caught in a horrible war for decades, and is still trying to recover. And this is a side story people forget, war is bad enough, but the times after are often far worse. Thirty five years after that war, Laos still has not recovered.
So step one is to set up a retail outfit that begins recording sales, or price signals. The price signals tell where shortages occur, to what degree, and when.
People in trade at the small business are essentially communicating price signals, and what might be done to differentiate a given product to increase demand, as reflected in price signals.
Feel free to forward this by email to three of your friends.
The former steel trader said that he couldn’t understand why a country blessed with a warm climate, rich volcanic soil and plenty of sunlight wasn’t much more prosperous. But he soon learned why.
“Local farmers didn’t know what the market wanted in terms of quality and variety, and even if they did, they simply didn’t have the funding to improve their crops,” Mr Say explains.
So step one is to set up a retail outfit that begins recording sales, or price signals. The price signals tell where shortages occur, to what degree, and when.
People in trade at the small business are essentially communicating price signals, and what might be done to differentiate a given product to increase demand, as reflected in price signals.
Feel free to forward this by email to three of your friends.
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