Chapter 965 A Welcome Segment
"There are many factors that determine market prices. Pork is a fast-moving consumer good, and its price is influenced by the price elasticity of supply and demand. Let me put it in simpler terms for you - it’s a matter of whether the seller or the buyer is more eager."
If sellers are in a hurry to sell and buyers are in no rush to buy, prices can plummet, and vice versa.
This is different from the jade business that Suizi’s family is in, where such non-essential products are concerned, it’s the value that sets the price, and that requires a completely different business mindset.
But pork is just as Suizi said, everyone is raising pigs, the pigs need to be sold quickly, but consumers don’t necessarily need to buy urgently, so the price is bound to be driven down.
As Chen Tong talked about the economics of the business, he felt dizzy and his head ached; he had no interest in these matters at all.
But Dongdong was listening with keen interest, seeming to gain some insight.
Suizi watched the children’s reactions and marveled at the wonder of the Creator.
Every child has their own talent, and the things they excel at vary. It’s not easy to discover and nurture a child’s gift.
Every child in the family has a different personality, and she explores slowly, like unboxing blind boxes, to find the right approach.
Dongdong became even more interested in Suizi’s words. He had just joined his class and noticed that his classmates really liked the cartoon erasers he used, which were only available at the small store at the entrance of his house.
Following Suizi’s logic, he could negotiate with the store for a better price on a bulk purchase and then resell them to his classmates... The money earned would be enough to treat the boy and girl twins to something delicious, right?