A speculation It is that assumption, theory, hypothesis, quite well founded, on a topic or situation. In journalism, the practice of speculation is common when seeking to find the causes that triggered an event. Speculation usually prevails until a reliable source can be presented to certify the information.
And in the field of economics The word speculation is widely used to refer to that commercial operation that involves securities or goods that are bought at a very low price to keep them without producing and waiting for their price to rise in order to sell them better and obtain a succulent difference. Obviously, the transaction is carried out because an economic context of speculation prevails that makes the generation of these differences possible.
In other words, in speculation whoever acquires a good does so not to enjoy the benefits that it has, but to obtain a benefit from a future sale of it, because it is known that its price will increase as a result of the speculative context that prevails.
Meanwhile, this commercial conduct requires on the part of those who put it into practice a certain astuteness and expertise when it comes to forecasting and perceiving the prices of the good acquired, since if it is not done correctly, it can lose a lot of money along the way.
Without a doubt, it is in commerce where speculation prevails.
It is worth noting that speculation is especially harmful when monopolies predominate because in an economy in which there are several competitors, it will be the market itself that will press for a product to be sold at a good price and the price premium will be avoided given that there is excess supply. While in markets closed to imports or monopolies, as the products are very necessary and have no competition, whoever produces them, usually takes advantage of this and can speculate on its value, offering it at a really high price to achieve more profits.
Inflationary economic scenarios are very permeable to suffer speculative actions because prices are constantly changing and therefore, producers tend to stop their goods and then sell them at a higher value.
From the above we can conclude that speculation is a very controversial practice and that it certainly damages consumption.
