A packet of 50 masks sold for about Sh5,000 in February 2020. The suppliers tried to keep their prices high by making customer tailored masks with national colours or your company logo. The fall in price of masks shows a simple fact: no business can escape the laws of economics. That is why innovation is so important, you sell your product at a higher price before the market is saturated or imitators come in. Did you burn your fingers in masks or made money?

Source: Standard Digital September 16, 2020 14:56 UTC