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and understanding amongst its members. I would rather say that the principal person to harness this behaviour is the merchant. When the needs of the merchants are parallel to the economic needs, everything would be smooth and peaceful, but when they are conflicting there is always crises. Without Production, Trading and supply of money, Economy wouldn't have been possible, but, when production is lesser than the supply of money due to increase in price of a commodity, Economy suffers under the hand of inflation.

The concept of human choice of behaviour demands one to always go for a real value, whenever there are competing alternatives, and the other becomes a forgone alternative. This is to say that value plays a very significant role in the choice of behaviour, but, alas! it is always the cause of economic ups and downs due to some misuse of its theory. If there is one thing that should be dismissed, it is the use of scarcity to keep up the worth of a commodity. So many people are always investing in scarcity as a means to enrich themselves. This they normally do, not because they tend to contribute positively to economic enhancement, but as a means to satisfy their selfish ambition. To discuss further, it will be necessary to look into the attained worth or the standard through which value is measured, which can be defined as the underlying activity, which economics describes and measures. When market theory argues the there is no value' separate from price, that the market incorporates all available information into price, and that so long as the market is open, the price and value are on and the same; the merchants imbibed the fact that so long as you want your item to come up with great value, there must be increase in price unit. Consequently, this has led to an open door to the invention of chaos into a national economy because, not only that it could lead to a general increase in price unit, it tends to shift value to some valueless commodity.

However, when labor replaces as the underlying source of value before price is given, the reverse would be the case because labor is a product pf wealth following the fact that it is a good service, and a good service is worth the labor it takes to produce it. Furthermore, when this phenomenon is established, measurable price unit would emanate from labor and the mind of merchants will shift from the demand for money through price increase, to increase in labor in order to maintain value because price does not; a tactical way to solve economic needs while the need of the merchants are solved. Producers are looking for a way to make profit and the consumers are searching for value. But consumers whom are under false impression that high price measures real value never knew the problem they are causing within a national economy.

Learn more about this author, Nelson Chukwudile.
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