explain any four suggestions to check price rise in India
Answers
Answer:
Four ways to check price rise in India are:
Explanation:
1) Check the demand and supply curve for the equilibrium price and compare it with previous years price. This helps in two ways that firstly you get the average price which is determined the market forces that come into play and other you can compare the inflation or deflation of that year.
2) Check for oil prices. If it rises globally then there will be rise in inflation as oil is a commodity that leaves its influence on almost every other commodity that is in anyway related to it, whether it be transportation costs too.
3) Measure of GNP
4) Price of the domestic currency against the foreign standard currency that is dollars.
Answer:Regular review meeting on price level increase and increase in demand of goods and services to have a check on price level.
Higher MSP has been announced in the market to know the demand and then doing production accordingly which enhance food items availability.
PSF scheme is also implemented to regulate price.
Onion retail sale has been undetaken by SFAC and NAFED.
Explanation: