The micro economics of Adamawa State has defied all theories on mechanisms of demand and supply and its inter-relations with the purchasing power of the populace.I know students of Economics used to exposit that when money in circulation is low,cost of goods and services will be low and that when the rate of circulation is high cost of goods and service will be high too.Current developments in the micro-economics of my state indicate that the rate of currency circulation is low because there are no monies in the hands of my people yet cost of goods and services have hit the ceilings.Consider this:Now its harvest time a bag of unthrashed rice costs N4000 as against N3500 last year by this time.Please can the Prof.Sam Alukos of my generation explain this unusual economic forces that is wreaking havoc on the wellbeing of our people.Inflation,hyper-inflation,deregulation or mismanagement?The people or(are we just masses?) are expectantly looking for twilight of soccour.
Posted on: Sat, 30 Nov 2013 22:11:57 +0000
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