the population is too large
the policemen hate to arrest people
while it is fairly easy to control producers and importing firms, smaller distributors are too many to be controlled
control cannot work under military rule
too many things are produced in the country
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The fact is,the existence of black market in the country has deriled the workings of the price control system,due to their incessant hiking of the normal price level
In Nigeria small firms has been on the increase their number is growing every day as a result their activities can not be easily check thereby giving rise to the inability of price control board to regulate the prices of products in the country.
going with the question. I think the question is ambiguous so we have to deal with it in its ambiguous way. government fixing the prices of goods above or below equilibrium price cannot work in Nigeria because consumers are willing and ready to buy goods at lower prices than at higher prices and producers are ready to supply their goods for sale at higher price.
it is the same as saying,the population of producers are beyond control...... especially the smaller distributors they are not giving room for price to me controlled or stable
government fixing the prices of goods above or below equilibrium price cannot work in Nigeria because consumers are willing and ready to buy goods at lower ...
yes d answer is c becos mer looking at d kind of economic system been operated in africa,it allaws the existense of small firm dew to d limited reasource which retailers use in starting up business in africa with out even registring d business,,,,,,,,we west africans are still developing nation not like d british.......so in west afica we can not control retail business
I agree wit u. cos me 2 i wil do dsame tin 2 buy d nearby product 4 smal money.
because even if there is price control in the manufacturing industries, when it is passon to the middlemen thatis retailer,gain will be added to the goods
