A market is always controlled by the forces of demand and supply which the father of economics; Adams Smith, considered as the invisible hand of the economy. These forces determine how much is available and can be supplied in the market at any given time. In both demand and supply, the price is the key, and it will always influence how either of the two will behave. When the price is high, the supply is likely to increase since the market is favorable for earning better profits. However, this will reduce the demand as the consumers are highly sensitive in price changes and they will always shy away when the price is high. This action explains the potential increase in the demand for beard care products as discussed in the subsequent sections below:
Natural Beard care products
Beard care products are those substances which are used to assist with facial hair growth as well as wet shaving items to enhance the smoothness of the shaved area. These items are varied in ingredients depending on the manufacturing company. However, the best beard products are those made of natural ingredients like the one supplied by the primitiveoutpost.com. Such kind of products are purely natural, and they are highly effective as their counterparts chemical products.
Reasons for the increase in demand
Many men are now considering having long facial hair as it is being regarded as a form of fashion. This has been highly propagated by the media especially by celebrities who have been time and again featured having long beards. Although there are many products to make this happen, the use of natural products is the one which is being preferred by many people. Through the use of natural products, it is possible to achieve the required amount of beards without having to worry about any negative impacts.
This increase in demand might attract more supply which ultimately will lead to reduced prices considering the supply will ultimately overpower the demand. Therefore, as suppliers try to gain as more market as possible, they will tend to decrease prices in order to become competitive. This, of course, is the rule of demand and supply in play and no one can influence how it operates in the case of an open market. However, it is rare to have an absolute open market and therefore other forces will always influence the extent of demand and supply.
Some of these forces include the economic status of the customers as well as the government intervention through the use of taxes, subsidies, and the price ceiling as well as price floors. From an open market point of view, the demand of natural beard care products is likely to increase as more men embrace the culture of long beards and also the use of natural products is being advocated across the globe. There is also increasing economic activities in many countries which means the majority of the people will have a significant amount of cash to purchase these products.