TARIFF WARS FOR THE DUMMIES

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TARIFF WARS FOR THE DUMMIES:

I had a small shop by the roadside.

One day, suddenly, a big store opened in front of it, and the store owner put up a board: "Ghee ₹300 per kg."

I also put up a board: "Ghee ₹280 per kg."

The next day, the store owner put up another banner: "Ghee ₹260 per kg."


I again updated my board: "Ghee ₹240 per kg."

Seeing this daily price war, a gentleman advised me: "That is a big store; it can bear losses, but you won't be able to compete with it for long. So, don't compare yourself with them."

I looked at the gentleman from head to toe and replied: 
"But I don't even sell ghee! I'm just waiting to see how low they can go... because my wife wants to buy it!" 🥴

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