Sikandar is running a flour mill from last year, however from 1st January, 2021, government revised prices of wheat and minimum wage rate too. As the cost of both labour and raw material get increased so he also increased the price of each 20 kg bag by Rs.100.
1. His decision will lead to which type of inflation and who?
2. How the government can control this type inflation?
3. Which type of policies are mainly used by the government to control inflation?
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Sikandar is running a flour mill from last year, however from 1st January, 2021, government revised prices of wheat and minimum wage rate too. As the cost of both labour and raw material get increased so he also increased the price of each 20 kg bag by Rs.100.
1. His decision will lead to which type of inflation and who?
2. How the government can control this type inflation?
3. Which type of policies are mainly used by the government to control inflation?
1. His decision will lead to which type of inflation and who?
2. How the government can control this type inflation?
3. Which type of policies are mainly used by the government to control inflation?
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