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because if the price of the commodity increase then the demand will decrease
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∙ 12y ago
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What are the negative effects of foreign trade?
there is a rise in speculative activity in case of essential commodities in which a small trader suffers.
Difference between seizure and confiscation in essential commodities act1955?
In the Essential Commodities Act, 1955, seizure refers to the act of taking possession of essential commodities deemed to be unlawfully held or hoarded. Confiscation, on the other hand, involves permanently depriving the violator of their rights to the seized commodities as a penalty for the offense.
Which organization keep a check on prices of essential commodities?
MRTP organisation
Is praise and worship important for the church growth?
You won't have a church for long without praise and worship. It is essential.
Why do you think ration shop could sell commodities at such low prices?
Ration shops are able to sell commodities at low prices because they are subsidized by the government. The government provides them with essential commodities at lower rates, which allows the ration shops to sell them to the public at a subsidized price. This is done to ensure that essential goods are affordable and accessible to all sections of society, especially the economically weaker sections.
An essential attributes of inflation is?
rise in prices
Paragraph on price hike of essential commodities of India?
When the cost of something becomes far more expensive than its original price.Price rise is a great problem of the day. It is a common phenomenon not only in our country but also in the world. Today the prices of necessary things such as food items, cloths, education materials, medicine and many other necessary things are going up by leaps and bounds. Price rise is caused by several factors like hording, population explosion, low productivity, natural calamities, wars, backwardness of communication, evil motives of dishonest businessmen, smuggling, black marketing etc. If the price rise is caused by the short supply of commodities, it is temporary. But it is very difficult to control the price rise caused by inflation. However, the people of low income suffer greatly and pass there days in constant anxiety. They find it, difficult to make their both ends meet. Price rise has terrible effects on man's character. It leads people to the path of corruption and moral degradation. Lows should be enforced strictly to bring the prices of the essential commodities within the purchasing capacity of the common people
Was Rhode Island agricultural?
Yes in the colonial days food production at the local level was essential for survival. It still produces $63,825,000 in farm commodities annually.
What changes observed in primary commodities?
The freshness of the primary commodities is the observed changed. Primary commodities refers to the commodities in unprocessed state.
What does Tanzania import?
There are so many things that Tanzania imports into the country. Some of the main imports include electronics, processed foods, computers and other essential commodities.
What is an assential commodity needed for the productive process?
The essential commodities needed for the productive process depend on what the productive process is designed to produce. A productive process whose end result is rye bread needs far different commodities than a productive process whose end result is trucks.
How can any currency rise in value?
Currencies are bought and sold on the open market - just like other commodities. The more popular a currency is - the higher the selling price will be.
