What is the reason for increase in taxi prices? - ECONOMIST EXPLAINED

"Azerbaijan has a lot of competition in the service sector compared to other sectors of the economy."

Economist-expert Eldaniz Amirov said in a statement to SIA..

According to him, the competition between them is stronger both among public catering establishments and in taxi services. "Prices in restaurants and cafes are not so heartwarming, but there is still competition. If prices are high in a competitive environment, it is already a price born of economic necessity.

This is the reason for the rise in taxi prices as well.

It is only necessary to increase the level of service in the context of this rise in prices. That is, price and quality must be in inverse proportionality to each other. Logically if there is a slight rise in prices, quality must rise as well" he stated.

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