Question

heya..


define all

standard of living

inflation

consumer price index

wholsalw price index

administrative price mechnajsm

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Answer 1

Explanation:

heya..

here is ur answer

i hope its help u

Answer 2

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$\huge\mathfrak{your\: answer}$

standard of living:-

• the degree of wealth and material comfort available to a person or community......❣️❣️

inflation:-

• inflation is a sustained increase in the general price level of goods and services in an economy over a period of time....❣️❣️

consumer price index:-

• The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care......❣️❣️

wholesale price index:-

• The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods......❣️❣️

administrative price mechanism:-

• Administered Price Mechanism (APM) system in place in oil sector. Under this system, the oil and gas sector was controlled at four stages viz. product.......❣️❣️

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