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Factors that affect the price of goods and services.
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[QUOTE="Sotherefore, post: 214672, member: 27033"] The cost of the amount of money used during the production of the products will really be the main determinant of the amount in which the product will be sold at, naturally we supposed to understand that when the cost of production is cheaper the price of the products will also be cheaper and also the other way around. Location also play a very important and the population of people also play a very important because when there is high population of people there is likely to be a high demand for a particular product or services and as a result of this there is likely to be an increase in the price of such products if we are to consider the law of demand and supply. Apart from this another thing that could possibly lead to increase in the price of a particular product is the economy of a country, if the economy of a particular country is perfect then most product are likely to go down in price just to be in the level of the economy but if the economy of a particular country is going down price of all products are likely to grow high as well as [/QUOTE]
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