Question

(2) Discuss main two measures for controlling price rise.​

Answer 1

Answer:

The two main components of fiscal policy are government revenue and government expenditure. In fiscal policy, the government controls inflation either by reducing private spending or by decreasing government expenditure, or by using both. It reduces private spending by increasing taxes on private businesses.

Explanation:

HOPE IT HAS HELPED U

Answer 2

Answer:

1. Maximum Price Legislation:

We know that the price of a product is determined by the forces of demand and supply in a free market. However, at times the government considers it necessary, on economic and political grounds, to fix prices for particular commodities.

This is because the government apprehends that if competition is kept alive and markets totally free, prices may rise to a very high level indeed.

Explanation:

i hope its help you