0
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.
What else can I help you with?
The combination of global and multi-Domestic strategies is called as?
The combination of global and multi-domestic strategies is called a transnational strategy. This approach involves integrating global operations while also responding to local market differences and needs. It seeks to balance the standardization of products and services globally with the customization required by local markets.
Are there industries that will be immune to changes in the global environment and as a consequence will be influenced primarily by their domestic external environment?
Not really, there is not any industry in today's world that is not affected by the changes in the global environment. Since each economy is linked internationally and no country has all the factors of production at its disposal, so each industry is affected by the changes in the global environment. The gambling and pornography industries remain 2 industries immune to global industrial cycles.
Are termites the one of the top 20 reasons for global warming?
Termites are not one of the top 20 reasons for global warming. While they do release methane, a potent greenhouse gas, the main contributors to global warming are activities like burning fossil fuels, deforestation, and agriculture.
How are you responsible for global warming.what do we do that causes global warming?
well there are a lot of reasons that we cause golbal warming. The main one I can think of is every time that you plug something in. I believe that global warming is not being caused by humans. There are just as many scientist saying that it is not happening than there are saying that it is.
What is global policy?
Global policy refers to agreements, rules, and decisions made at an international level by governments, organizations, or institutions to address global issues or govern global interactions. These policies can cover a wide range of areas such as trade, environment, security, or human rights, and are aimed at promoting cooperation, resolving conflicts, and achieving common goals on a global scale.
What is administered price inflation?
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.
Did the price revolution cause increased global capitalism and inflation?
yes
What is the Characteristics that associate domestic business and international business with a global company?
what are the characteristics of domestic trading
What are the stages of globalisation?
Domestic, International, Multinational and Global.
What is the difference between domestic politics and global politics?
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.
Why is Globalization of industries a common factor today?
Globalisation today for industries is common beacasue if industries follow only the domestic approach then they have to stick to only Indian market this will lead to only earning profits in the Indian market only. if the administration want to be a global leader then obviously it has to go for Globalisation.
What has causedanimals to become endangered?
There are hundreds of reasons, but some very common ones are, food shortage, global warming, habitat loss, and poaching. Is this what you were looking for?
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.
What are the Differences between domestic and global market?
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.
Differences between domestic and global strategies?
Global business is a business that is based in a single country but acquires some meaningful share of its resources or revenue from other countries. A domestic strategy is a business that does all of its business in a single country.
