The story of cars turned into kiosks is far from over. Let’s spice it it up with some economics. What are the new entrepreneurs better christened ‘new hustlers’ selling?
A casual observation shows most are selling foodstuffs. That should not surprise us. When the economy is this bad, we focus on the basics, starting with food, the rest can wait. Further, the demand for food does not go down because the economy is doing badly, we still eat. To appear learned, we say demand for food is inelastic, it’s does not significantly change with the rise or fall in prices. The new car kiosk owners know that fact. This is the time for necessities not luxuries. That food is not just any foodstuff, they are focussing on fruits and sources of vitamins, said to boost immunity against Covid-19.