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Everyone will benefit when prices are reduced
Dear Editor
This is a letter to our private sector. The cost of living needs to come down in Guyana. So how are we going to make a profit when we sell cheaper I hear people ask? By selling more at a cheaper price profitability can be increased.
As an example: instead of selling 100 units of water at $100 to give an income of $10,000 we can sell 200 units of water at $75 to give an income of $15,000 thereby increasing profitability.
Everyone will benefit when prices are reduced. Citizens benefit in cost of living reduced; private sector benefit with increased profitability; Government coffers benefits with increased taxes paid on profits.
Yours truly,
Sean Ori
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