answersLogoWhite

0

🍎

Inflation

A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.

1,474 Questions

What are the symptoms of poor working capital management?

Poor management is reflected by the fact that the holding period of finished products increases, recovery of cash from debtors takes time, the working capital turnover ratio is on a high, short term liquidity position of the company comes below the prescribed ratio of 1:33 and many more other reasons.Answered by RNB

What is the current inflation rate in India and what effects of inflation in India?

Current inflation in India is a bit volatile. However, given different estimated values of commonly understood inflation in India, the Wholesale Price Index for all commodities is 156.8 for the month of October 2011 with a base of 2004-05=100. Inflation is the rate of change over any reference period. So, If we compare the figure with October 2010, the inflation is around 9.5 percent. However, wholesale price index (WPI) is not the only indicator to understand inflation. There are other indicators such as Consumer Price Index (CPI). Even within WPI and CPI there are also divisions for different groups of population. In India, for such subgroups inflation is measured by finding the rate of change in such indices for groups like agricultural labourers, urban non-manual employees, Industrial workers and so on. For a detailed description on inflation in Indian context, one may refer to the link <http://lokkatha.com/150/index.php/economics/55-inflation-a-price-rise-in-essential-commodities-a-consumers-perspective> Inflation & Price Rise in Essential Commodities: A Consumer's Perspective

What is todays inflation rate?

In some countries the current inflation rate is over 100%, in other countries the current inflation rate is just over 3%.

Explain about industrial policy resolution of 1948 in India?

IPR - 1948 -Features

•Division of the Industrial sector into 4 major categories.

•Small and Cottage Industries were given privileges.

•Considered the importance of private participation

IPR - 1948

1.State Monopoly

•Arms and ammunition

•Atomic Energy

•Rail Transport

2. Mixed Sector (IPR - 1948 )

•Six industries were specified

-Coal

-Iron & Steel

-Aircraft Mfg

-Ship Building

-Telephone, Telegraph & Wireless (Excluding Radio)

-Mineral Oils

-The existing can continue and after 10 years, the government will take over those undertakings by paying a compensation which is fair and equitable.

IPR - 1948

3.The field of government control

•The government will regulate Industries in this category

-Automobiles

-Heavy Machinery

-Heavy Chemicals

-Fertilizers

-Sugar

-Paper

-Cement

-Cotton

-Woollen textiles etc

IPR - 1948

4. The field of private enterprises

All the other Industries

How can inflation become a vicious cycle?

Inflation can become a vicious cycle when employers anticipate an inflationary period and increase wages for employees. Increased wages will contribute to overall costs of production as well as increasing disposable income in the marketplace, thus contributing to even greater potential for inflation in the future.

What problem did inflation cause during the revolution?

Inflation during the Revolutionary War led to profiteering. Profiteering is when someone makes what is considered an unfair or excessive profit.

How much was 1000 worth in 1919 compared with 2010?

$1,000.00 in 1919 had the same buying power as $13,087.82 in 2010 and $14,334.85 in 2016.

How much would 28000 dollars be worth in 1975?

$28,000 today is the same as $4,514.50 in 1970.

What is hyperinflation?

Hyperinflation is a rapid rise in the general price level. When inflation occurs, sometimes people anticipate further inflation. They then spend all their savings "now" to beat the anticipated price increases; after all, money in the bank during inflationary periods only can depreciate in value. Businesses buy more capital goods. Workers get paid higher and higher wages. These actions will further intensify the pressure on prices. Inflation drives inflation further; it eventually may cause economic collapse.

When does inflation occur in a dynamic aggregate demand and supply model?

Inflation raises the prices of the goods, so the real wages fall (ceteris paribus). So we are moving on the demand curve up and left. The companies can afford to produce more for that height of the prices, so the gap appears

Is OPEC to blame for high gas prices If so why?

OPEC wants gas prices to be higher so that its member nations can profit more from oil.

Which was the decade of high inflation and high unemployment?

Which was the decade of high inflation and high unemployment

What is the inflation rate in Indonesia?

As of 2005, the inflation rate in Indonesia was about 6.6%.

How Rising inflation affects the economic growth of India?

As the inflation is rising so the people would not be able to spend their money on other goods other than food. So in this way the demand for other goods other than food would fall and ultimately the profit as well as revenue of all the sectors would fall due to which all private companies would start cutting their work force and thus unemployment would rise and it ultimately affects our country GDP which is used to measure Economic growth of a country.

How do you inflate a rubber ball?

If it is a solid rubber ball it is not inflated. A hollow ball can be inflated.

The more pressure inside, the "harder" the ball will be and the higher it will bounce.

To much pressure and you risk rupturing the "rubber" bladder.

Explain the nature and scope of economics with and example?

Economics is the social science that studies the production, distribution, and consumption of goods and services

A definition of modern economics is that of Lionel Robbins in a 1932 essay:

"the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."

Scarcity means that available resources are insufficient to satisfy all wants and needs.

Economic concepts

Common problems among different types of economic systems include:

* what goods to produce and in what quantities (consumption or investment, private goods or public goods, etc.)

* how to produce them (coal or nuclear power, how much and what kind of machinery, who farms or teaches, etc.)

* for whom to produce them, reflecting the distribution of income from output.

The subject thus defined involves the study of choices as they are affected by incentives and resources

Areas of economics may be divided or classified into various types, including:

* microeconomics and macroeconomics

* positive economics ("what is") and normative economics ("what ought to be")

* mainstream economics and heterodox economics

* fields and broader categories within economics.

One of the uses of economics is to explain how economies, as economic systems, work and what the relations are between economic players (agents) in the larger society.