Do you want to improve your writing? Try our new evaluation service and get detailed feedback.
Check Your Text it's free

Using the concepts of trade, demand, supply, and market explains why the price of food has increased so much in Ho Chi Minh City during the social distancing lockdown. What did you learn from the lockdown time?

Using the concepts of trade, demand, supply, and market explains why the price of food has increased so much in Ho Chi Minh City during the social distancing lockdown. What did you learn from the lockdown time? QR3pb
As the city executes Prime Minister's Directive No. 16/CT-TTg on social distance, individuals restrict going out, increasing the need to store up and consume necessities like food. In Ho Chi Minh city, food costs at this extreme period are too high, contrary to the rule demand, which states that when the price goes up, the demand will fall. There are a few objective causes for this, such as transportation expenses, labor salaries, and other increasing costs, among others, and there are also subjective factors, such as a rise in retail prices of certain persons or organizations who are motivated only by profit. During the social distancing lockdown, each transaction gets more complicated, particularly when products are transported. Increased expenses for items are also a result of increased transportation, labor, and driver costs, as well as damaged goods and other losses as a result of extended rotation. For example, all drivers who travel through the quarantine station must have a COVID-19 test certificate, yet medical units only provide testing for those who have been isolated, not testing services. Additionally, the testing capacity of the epidemic-affected locations has been inadequate and insufficiently responsive. The validity time of the test card is not explicitly stated in the test results. A lot of firms and drivers have been forced to curtail or stop their activities as a result. As a result, most drivers and escorts have not been vaccinated, as the vaccine supply is very restricted. This produces worry since it takes time to conduct tests, costs money to conduct tests, concerns about becoming infected, costs testing, moving in and out of epidemic regions must be confined for 21 days, and does not want to engage in the movement of products. Local driving and car shortages result from this. Deterioration of the quality and quantity of agricultural goods occurs since they must pass through multiple checkpoints during transportation for consumption, despite having comprehensive documentation on epidemic prevention and management. Thus, the rise in the price of products is a result of the cost of making COVID-19 tests, shipping expenses, labor costs, drivers, damaged goods, and the loss of fresh items owing to the extended circulation period. When the epidemic situation is severe, buyers are willing to queue for hours in front of food stalls such as supermarkets, mini-supermarkets, convenience stores, markets, and groceries. Regardless of the price of the food item, buyers are determined to come in and purchase food stored in the family and to limit their outings. Nonetheless, when purchasers approach the food market, they are faced with a lack of alternatives or possibly nothing to purchase. This indicates that consumer demand for food has increased across all markets, which could result in supply shortages in certain areas. Additionally, several major and small businesses, such as wholesale marketplaces or grocery shops, were compelled to leave the market due to the complexity of their supply chains, making it impossible for the state to control and determine the source of the sickness. While demand for food is growing, supply is constrained, indicating a severe food scarcity in areas where the pandemic is complex, like Vietnam's Ho Chi Minh City. Other organizations have profited from this inelastic demand phenomenon by boosting the prices of their food by 2-3 times the market price in order to earn a profit and raise their total revenue. Similarly, some people purchase price-stabilizing foods in extremely large amounts from supermarkets to resell them at a profit. In general, the considerable rise in transportation costs and expenditures incurred during transit is the objective explanation for the period's high food prices; nevertheless, subjective factors also exist such as profitability and revenue growth for a variety of big and small businesses. The good news is that Saigon Co. op is one of the leading large enterprises that are under a great deal of pressure from costs incurred in transportation, testing, and personnel difficulties, but Saigon Co. op has refused to raise the price of products in order to share the spending pressure with the people. Through the COVID-19 epidemic, in the future, as a seller, I have learned to share spending pressure with consumers to build sustainability between sellers and buyers. Furthermore, the application of technological technology in commerce, such as spending and revenue management software, can simply control as well as save a lot of money and restrict the cost of products increases. As a businesswoman, I must maintain my reputation, be honest, offer high-quality items, and avoid selling counterfeit goods that endanger clients' health.
As the city executes Prime Minister's Directive No. 16/
CT-TTg
on social distance, individuals restrict going out, increasing the need to store up and consume necessities like
food
. In
Ho Chi Minh city
,
food
costs
at this extreme period are too high, contrary to the
rule
demand
, which states that when the
price
goes up, the
demand
will fall. There are a few objective causes for this, such as
transportation
expenses, labor salaries, and
other
increasing
costs
, among others, and there are
also
subjective factors, such as a rise in retail
prices
of certain persons or organizations who
are motivated
only
by profit.

During the social distancing lockdown, each transaction
gets
more complicated,
particularly
when
products
are transported
. Increased expenses for
items
are
also
a
result
of increased
transportation
, labor, and
driver
costs
,
as well
as damaged
goods
and
other
losses as a
result
of extended rotation.
For example
, all
drivers
who travel through the quarantine station
must
have a COVID-19
test
certificate,
yet
medical units
only
provide
testing
for those who have
been isolated
, not
testing
services.
Additionally
, the
testing
capacity of the epidemic-
affected
locations has been inadequate and
insufficiently
responsive. The validity time of the
test
card is not
explicitly
stated in the
test
results
.
A lot of
firms and
drivers
have
been forced
to curtail or
stop
their activities as a
result
. As a
result
, most
drivers
and escorts have not
been vaccinated
, as the vaccine
supply
is
very
restricted. This produces worry since it takes time to conduct
tests
,
costs
money to conduct
tests
, concerns about becoming infected,
costs
testing
, moving in and out of
epidemic
regions
must
be confined
for 21 days, and does not want to engage in the movement of
products
. Local driving and car shortages
result
from this. Deterioration of the quality and quantity of agricultural
goods
occurs since they
must
pass through multiple checkpoints during
transportation
for consumption, despite having comprehensive documentation on
epidemic
prevention and management.
Thus
, the rise in the
price
of
products
is a
result
of the
cost
of making COVID-19
tests
, shipping expenses, labor
costs
,
drivers
, damaged
goods
, and the loss of fresh
items
owing to the extended circulation period.

When the
epidemic
situation is severe, buyers are willing to queue for hours in front of
food
stalls such as supermarkets, mini-supermarkets, convenience stores, markets, and groceries. Regardless of the
price
of the
food
item
, buyers
are determined
to
come
in and
purchase
food
stored in the family and to limit their outings. Nonetheless, when purchasers approach the
food
market
, they
are faced
with a lack of alternatives or
possibly
nothing to
purchase
. This indicates that consumer
demand
for
food
has increased across all markets, which could
result
in
supply
shortages in certain areas.
Additionally
, several major and
small
businesses, such as wholesale marketplaces or grocery shops,
were compelled
to
leave
the
market
due to the complexity of their
supply
chains, making it impossible for the state to control and determine the source of the sickness. While
demand
for
food
is growing,
supply
is constrained
, indicating a severe
food
scarcity in areas where the pandemic is complex, like Vietnam's Ho Chi Minh City.
Other
organizations have profited from this inelastic
demand
phenomenon by boosting the
prices
of their
food
by 2-3 times the
market
price
in order to earn a profit and raise their total revenue.
Similarly
,
some
people
purchase
price-stabilizing
foods
in
extremely
large amounts from supermarkets to resell them at a profit.

In general
, the considerable rise in
transportation
costs
and expenditures incurred during transit is the objective explanation for the period's high
food
prices
;
nevertheless
, subjective factors
also
exist such as profitability and revenue growth for a variety of
big
and
small
businesses. The
good
news is that Saigon Co. op is one of the leading large enterprises that are under a great deal of pressure from
costs
incurred in
transportation
,
testing
, and personnel difficulties,
but
Saigon Co. op has refused to raise the
price
of
products
in order to share the spending pressure with the
people
.

Through the COVID-19
epidemic
, in the future, as a seller, I have learned to share spending pressure with consumers to build sustainability between sellers and buyers.
Furthermore
, the application of technological technology in commerce, such as spending and revenue management software, can
simply
control
as well
as
save
a lot of
money and restrict the
cost
of
products
increases. As a businesswoman, I
must
maintain my reputation, be honest, offer high-quality
items
, and avoid selling counterfeit
goods
that endanger clients' health.
What do you think?
  • This is funny writingFunny
  • I love this writingLove
  • This writing has blown my mindWow
  • It made me angryAngry
  • It made me sadSad

IELTS essay Using the concepts of trade, demand, supply, and market explains why the price of food has increased so much in Ho Chi Minh City during the social distancing lockdown. What did you learn from the lockdown time?

Essay
  American English
5 paragraphs
753 words
6.0
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
Recent posts





Get more results for topic: