Things Most Likely To Be More And Less Expensive In 2015

Smart Discount Shop


The price of goods is determined by the amount of quantity produced and demand generated for the particular item.  If a product is high in demand and not as much is produced, then the price of the product will greatly increase.  If the demand for the item is low and the quantity is abundant then the price of the item will decrease.  Price of products is also subject to existing patents.  The individual owing the patent has a set time period to be the only one having the legal right to make money on their invention and sell them to the market at their price.  After the time period expires other people have the right to profit from that same invention typically selling it under a different name, lowering the price, and making the product more efficient by changing it in some way.  For consumers to be savvy shoppers they…

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About SimpleLivingOver50

At 53 years old I am starting to realize how life changes both physically and emotionally. I strive for a life of simplicity. I am winning the battle with type II diabetes, created a plan to have all debt paid off in 4 years including the house, taking advantage of every opportunity to live life to it's fullest through adventures in nature, hiking, biking, loving and learning.
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