THE INFLUENCE OF TRANSPORTATION ON PRICES OF CONSUMABLE COMMODITIES A CASE STUDY OF SELECTED COMMODITIES MARKET IN BENIN CITY EDO STATE
INFLUENCE, TRANSPORTATI PRICES, CONSUMABLE, COMMODITIES, CASE, STUDY, SELECTED, COMMODITIES, MARKET, BEN CITY, E STATE
The Influence Of Transportation On Prices Of Consumable Commodities A Case Study Of Selected Commodities Market In Benin City Edo State, Abstract
-in This Study Of This Research Work Is To Examine The
Influence Of Transportation On Price ...
In this study of this research work is to examine the
influence of transportation on price of consumable commodities. A case study of
selected commodities market in Benin City Edo state.
To achieve the goals, the techniques used in getting these
information were based on primary data used included personal interviews at the
While secondary sources of information centred on available
materials gotten from textbooks, journals, magazines etc.
Data collected from people in the locality were carefully analyzed
using the percentage ratio to evaluate them and the last chapter where the
study was concluded and recommendation were made.
Chapter One: Introduction
Background of the study
Aims of the study
The scope of the study
Purpose of the study
Chapter two: literature review
Meaning and types of transportation
Definition of price and price changes
Major causes of price changes
How transportation affects price
Solution to price differentials
Chapter Three: Methodology
Administration of questionnaire
Chapter Four: Analysis of
Analysis of data
Chapter Five: Summary of Findings,
Conclusion and Recommendations
Summary of findings
BACKGROUND OF THE STUDY
The present day condition of the continuous rise in prices of
consumable product all over the country are well known to the populace and
thus, price increases has affected the individuals in several ways. The
factors, which affect these price escalations of consumables products, are both
human and natural factors. In the first place, the prices of the consumables
products ca be highly due to the influences of human behaviour. For example,
the price of consumables products will be high if may middle men partake in the
process of distribution of the commodity. Also, it has been proved that
production cost is a direct valuable an the price of goods after every
producer, has a duty of not only to recover investments but also to maximize
Secondly, the prices of goods can also be attributed to natural
reasons, which are beyond the control of man. For instance, a period of
unpleasant weather of heavy rainfall will definitely result to low production
output. Thereby leading to a reduction in the supply of consumable product and
consequently affects their prices. It is clear therefore that price of goods is
an inverse proportion of the market supply.
Apart from the factors mentioned above, other factors such as
transportation cost labour and in fact all the factors of precaution account
for the high increase in the prices of consumables products. The cost of all
these are added to the real cost of the product to inflate or increase the
Hence, it implies that when the prices of these factors increase,
indirectly the prices of the production will definitely increase and vice-versa.
In the course of this research, the main concern is
transportation. The effects of transportation on prices, how does bad
transportation system affect the prices of consumable commodities? Also what
relationship has distance with these commodities that are transported, have on
the relative prices of each products? Does good transportation system reduces
the prices of consumables products in anyway? These questions above form
the background of this study.
AIMS OF THE STUDY
The objective of t his study is to analyzed the effects of
transportation on relative prices of some selected products in Oredo L.G.A. of
This study will also highlight on the relationship between
transportation and the price of consumables products in this local government
Also, this study will also try to show the effects of this high
prices on those that are involved in consuming the gods (the consumer).
Finally, to highlight and suggest solution or remedy to combat
such price increase.
a.High transportation cost affects the prices of
commodities in Oredo L.G.A. of Edo State
b.High transportation cost do not have much effect
on the prices of commodities in Oredo L.G.A. of Edo State
SCOPE OF THE STUDY
The scope of this study embraces the presents situation of the
relationship between prices and transportation cost.
The ways in which goods are conveyed from the production centers
to the various markets will be restricted, to Oredo L.G.A. of Edo State. With
particular reference to the headquarter (Benin City) and the surrounding
communities such as Iguosa, Egor, Ekiadolor etc.
At least, five food crops would be considered and they are yam,
rice, plantain, cassava and tomatoes. The study will cover the effects of
transportation and the effects of these prices on the consumers as well as
finding possible solution or remedy to this problem.
The method to be used in carrying out this research comprises both
questionnaire and a visit to the market. Detail of the transport fare from the
neighboring communities to the main market at Benin would be considered.
Available textbooks and published materials (both economics)
relevant to this study would be used
PURPOSE OF THE STUDY
There are quite, a lot of contributions that this study will make.
In the first instance the study will clearly show how transportation cost
affect the prices of consumables precuts. It will also show the various means
of transportation found in Oredo L.G.A. and the problems associated with them.
The government on their part has been insensitive about the
problems of transportation in most local government areas and this has resulted
in poor transportation, system. Thereby resulting in the increase of relative
price of the consumable products.
In conclusion, therefore, a critical study of all the points
mentioned will help the government to look at these problems of inadequate and
inefficient transportation, system especially in the rural areas and find
possible solution to ameliorate the situation.
TERMS AND CONDITIONS APPLY
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