PRICE RISE AND CONSUMER AWARENESS. — Social Science STD 10 — Question
Gujarat BoardEnglish MediumSTD 10Social SciencePRICE RISE AND CONSUMER AWARENESS.3 Marks
Question
Many factors are collectively responsible for Price rise explain.
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Answer
Price rise is one of the many problems faced by India. Increase in monetary supply in markets, increasing population, increase in prices of raw materials, prices determined by the government, smuggling, hoarding, black money, black marketing, etc. increase the prices of goods. Thus, many factors are collectively responsible for price rise.
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