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The latest Messages 11
2021-09-15 07:30:05
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1.9K views04:30
2021-09-14 09:30:04
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TYPES OF INFLATION LOW INFLATION#Inflation Such infation is slow and on predictable lines, which might be called small or gradual.
This is a comparative term which puts it opposite to the faster, bigger and unpredictable infations.
Low infation takes place in a longer period and the range of increase is usually in ‘single digit’.
Such infation has also been called as ‘creeping infation’.
SOURCE - Indian economy by Ramesh singh.
4.1K views06:30
2021-09-12 08:30:09
METHODS TO CONTROL INFLATION [ PART 3 ]#Inflation
3.
MONETARY POLICY The governments may take recourse to tighter monetary policy to cool down either the demand-pull or the cost-push infations.
This is basically intended to cut
down the money supply in the economy by siphoning out the extra money (as RBI increases the Cash Reserve Ratio of banks in India) from the economy and by making money costlier (as RBI increases the Bank Rate or Repo Rate in India). This is a short-term measure.
In the long-run, the best way is to increase production with the help of the best production practices. SOURCE - Indian Economy by Ramesh singh.
7.9K views05:30
2021-09-11 16:15:51
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429 views13:15
2021-09-11 09:09:23
METHODS TO CONTROL INFLATION [ PART 2]#Inflation2.
COST SIDE MEASURE
As a cost side measure, governments may try to cool down the price by cutting down the production cost of goods showing price rise with the help of tax breaks— cuts in the excise and custom duties (as happened in June 2003 in India in the case of crude oil and steel). This helps as a short-term measure.
In the long-term, better production process, technological innovations etc., are helpful. Increasing income of the people is the monetary measure to avoid the heat of such infation.
Source - Indian Economy by Ramesh singh.
2.1K views06:09
2021-09-11 07:30:08
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2.1K views04:30
2021-09-10 08:30:04
METHODS TO CONTROL INFLATION [ PART 1 ]#Inflation1.
SUPPLY SIDE MEASURE As a supply side measure, the government may go for import of goods which are in short-supply—as a short- term measure (as happened in India in the case of ‘onion’ and meeting the bufer stock norm of wheat).
As a long- term measure, governments go on to increase the production to matching the level of demand. Storage, transportation, distribution, hoarding are the other aspects of price management of this category. SOURCE - Indian economy by Ramesh singh.
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2021-09-10 07:30:09
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1.7K views04:30
2021-09-09 08:30:04
CAUSES OF INFLATION.
#Inflation Demand-Pull Inflation :-
This type of inflation is caused due to an increase in aggregate demand in the economy.
Cost-Push Inflation
This type of inflation is caused due to various reasons such as:
• Increase in price of inputs
• Hoarding and Speculation of commodities
• Defective Supply chain
• Increase in indirect taxes
• Depreciation of Currency
• Crude oil price fluctuation
• Defective food supply chain
• Low growth of Agricultural sector
• Food Inflation
• Interest rates increased by RBI
Built - in Inflation
This type of inflation involves a high demand for wages by the workers which the firms address by increasing the cost of goods and services for the customers.
4.3K views05:30
2021-09-08 17:30:04
HOW INFLATION MEASURED ?
#Inflation The rate of infation is measured on the basis of price indices which are of two kinds
• Wholesale Price Index (WPI) and
• Consumer Price Index (CPI).
A price index is a measure of the average level of prices, which means that it does not show the exact price rise or fall of a single good.
SOURCE - Indian economy by Ramesh singh.
106 views14:30
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