44. What are the steps taken to control the price rise ? (Elaborate any three)
Answers
Answer:
Buy a products from company and this product industry .
Take a free food for beggar .
Complain for expensive products of shop.
Do not buy expensive
Explanation:
Mark as brainlist answer please
Answer:
i). Public Distribution System: Government in India, under its public distribution system ensures the availability of essential commodities such as wheat, rice, etc to the consumers at reasonable prices through a network of fair price shops. At present, there are about 4.61 lakh of fair price shop in the country.
ii). Administrative Price Mechanism: Administrative prices are those prices of goods and services, which are controlled by the government. Government of India has imposed price controls on a number of commodities. (Steel, automobiles). Producers of these commodities cannot charge price higher than the maximum prices fixed by the government.
iii). Monetary Policy/Measures: it is the policy of the Central Bank (RBI) to control money supply and credit in economy. This results in people’s tendency to consume less, which in turn reduces the demand for goods and thereby lower the prices.