Pricing Power : The phenomenon where the value of money falls below the price of goods is called inflation , and it is said we are currently in an era of inflation. However, it’s not that simple. Inflation is realistically characterized by prices not rising all at once during an inflationary period but rather increasing rapidly for some items and slowly for others over several years. This phenomenon is known as the ‘ Cantillon Effect .’ In other words, inflation is neither uniform nor regular. Conversely, when prices fall below the value of money, it is referred to as deflation . To survive deflation, companies must innovate, often by reducing costs and expenses. During inflation, rising costs must be passed on to other economic agents through increased prices, a concept known as Pricing Power. Since companies cannot pass on all the rising costs, many go bankrupt during periods of inflation. - Joseph’s “just my thoughts”
People say that to succeed, you have to break the frame . But how do you break the frame when you’ve never been locked inside one? Instead, words and actions should be confined within the framework of ‘ consistency ’ so that the beginning and the end match, earning trust from others. A person grows only when small, essential parts of daily routines are kept within the frame of ‘repetition (routine)’ and the rest are prioritized accordingly. Confining yourself to a specific frame means earning trust through consistency, being recognized for dignity , and developing a routine. This is the process of proving your existence in society. Only after being confined within a frame can you break the big one, elevating life to a new level. That is truly breaking the frame. - Joseph’s “just my thoughts”