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Domestic global reasons for rise in inflation how it impact common people?
Wiki User
∙ 15y ago
The price of domestic goods increase due to a variety of factors.
If the price of fertilizers and diesel increases then the price of food grains would increase. If the price of food grains increases, the price of all products manufactured using them would increase and so on...
With growing prices the things which were once affordable to everybody are now a luxury. For example the price of good quality palatable Rice per kg was one rupee a few years back. Now it is around 20 rupees. So it is out of reach for people in the lower income group.
Rice is just an example. All domestic products like food items, cosmetics, clothes etc are prone to inflation and their prices rise every year.
Wiki User
∙ 15y ago
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WHY? For the very best of reasons - FACT.
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when the government administers or subsidises prices of essential commoditites like rice, oil or even oil and electricity but the global prices are high, then it implies that these domestic prices would take some time to respond or adjust to global prices and in this process, the rate at which the prices respond would lead to inflation implying that it is transmitted through global prices.
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yes
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what are the characteristics of domestic trading
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Domestic, International, Multinational and Global.
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Domestic politics refers to political activities within a specific country, involving policies and decisions that impact that nation. Global politics, on the other hand, involves interactions and relationships between countries on an international scale, covering issues like diplomacy, trade, and security. Domestic politics focus on internal governance, while global politics address relationships and dynamics between countries.
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Is global knowledge the same as common knowledge?
Global knowledge is the same as common knowledge.
Which year experienced lowest rate of inflation on 52 weeks average basis?
Different countries experienced different rates of inflation. This is a global site so you will need to be less insular.
Is global knowledge the same thing as common knowledge?
Global knowledge is the same as common knowledge.
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A domestic market will usually have only one kind of money and one set of trade laws. The global market uses many kinds of money which fluctuate in their exchange value, and many sets of laws regarding international trade. The global market is much more complicated and on a larger scale than the domestic market.
How does global economics affect the spending habit and budgeting practices?
Global economics have an effect on currency value and on inflation within certain countries. Global competition can affect local prices. These factors can effect budgeting practices.
