THE INFLUENCE OF TRANSPORTATION ON PRICES OF CONSUMABLE COMMODITIES A CASE STUDY OF SELECTED COMMODITIES MARKET IN BENIN CITY EDO STATE
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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 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 local markets.
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.
TABLE OF CONTENT
Chapter
One: Introduction
Background of the study
Aims of the study
Hypothesis
The scope of the study
Methodology
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
Introduction
Research instrument
Population/sample
Sample size
Administration of questionnaire
Data analysis
Chapter
Four: Analysis of Data
Analysis of data
Chapter
Five: Summary of Findings,
Conclusion
and Recommendations
Summary of findings
Conclusion
Recommendation
References
Questionnaire
CHAPTER ONE
INTRODUCTION
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 profit.
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 prices.
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 Edo State.
This study will also highlight on
the relationship between transportation and the price of consumables products
in this local government area.
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.
HYPOTHESIS
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.
METHODOLOGY
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.
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