Basics of economics
Presentation
•
Social Studies
•
10th Grade
•
Hard
shijil k
FREE Resource
4 Slides • 1 Question
1
Basics of economics
2
Multiple Choice
Inflation means
general increase in the price level
increase in the real wage
increase the value of money
none of the above
3
Inflation
inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
Inflation percentage = P1-P ÷ P
Reasons
Cost push, Demand pull
Demand Pull Factors
Rise in population.
Black money.
Rise in income.
Excessive government expenditure.
4
Cost Push Factors
Infrastructure bottlenecks which lead rise in production and distribution costs.
Rise in Minimum Support Price (MSP).
Rise in international prices.
Hoarding and black marketing.
Rise in indirect taxes.
5
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