MBA 617 Assignment 1 Food Price Rise in India Akshaya Pandey‚ Chandan Jha‚ Gyan Vikas‚ Tarun Rawat Food price rise in India Last couple of months have seen sharp increases in food prices in India. The inflation in prices of basic food materials has raised alarms for the government as well as for common people. According to figures released by commerce industry on 18th Feb 2010‚ the annual inflation in food prices rose to 17.97% for the week ended on February 6‚ as compared to 17.94% in previous
Free Agriculture Food security Food
Introduction What inflation is? Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole. Subsequently‚ it will cause purchasing power fall. In simple terms‚ it means that too much of money is chasing for one particular item. When too much of money is available‚ the seller may raise the price of which he is willing to sell. In the long run‚ inflation has the potential of erasing the purchasing power of the people. It is because when
Premium Inflation
Identify the broad macroeconomic policy objectives of governments • Define the terms inflation‚ deflation and disinflation • Explain the calculation of the CPI • Examine the accuracy of the CPI as a measure of inflation • Discuss the causes and effects of inflation • Explain the policies for controlling inflation Micro and Macro Economics • Microeconomics is the branch of economics that concerns itself with the study and behaviour of consumers and firms and the determination of market prices and quantities
Premium Inflation
INFLATION In economics‚ inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises‚ each unit of currency buys fewer goods and services. Consequently‚ inflation also decrease the purchasing power of money. Effects of Inflation on economy 1. Decrease Production: People buying less of goods and services as their income is limited. This leads to slowdown not only in consumption but also production. This is because
Premium Inflation Monetary policy
INFLATION: Inflation is a sustained increase in the general price level leading to a fall in the purchasing power of money. Inflationary pressures can come from domestic and external sources and from both the supply and demand side of the economy. FACTORS OF INFLATION: Inflation is defined as the rate (%) at which the general price level of goods and services is rising‚ causing purchasing power to fall. This is different from a rise and fall in the price of a particular good or service.
Premium Inflation Supply and demand
Objectives: How is inflation measured The calculation and limitations of these indices The effects of inflation Important points to remember: Consumer Price Index (CPI) - A measure of price changes in consumer goods and services such as gasoline‚ food‚ clothing and automobiles. The CPI measures price change from the perspective of the purchaser. GDP Deflator- measures price changes in current year compared to those in a base year‚ for all goods and services produced within the country and
Premium Inflation
Keomorokod‚ Im Meng and Chuop Vichet INFLATION Course Title: Fundamentals of Economics Professor: Meng Channarith April 09‚ 2013 CONTENTS Acknowledgement .....................................................................................................................ii Introduction .............................................................................................................................. iii Chapter One: Nature of inflation ....................................
Premium Inflation
TOPIC : Food Processing Industry of India B. Introduction Food processing is the conversion of raw ingredients into food items or in other forms of consumables by using different industrial processes and tools in order to produce marketable‚ consumable and long shelf life food products. Benefits of food processing are the removal of toxins‚ food preservation (longer shelf-life)‚ enabling of marketing and logistics tasks‚ and increasing of food consistency. The drawbacks in food processing
Premium Food Food industry Food processing
First of all‚ when we speak about inflation‚ we should make clear what is the exact defination of it. Inflation is one of the most important economic concepts. At its most basic level‚ inflation is simply a rise in prices. Over time‚ as the cost of goods and services increases‚ the value of for example of a dollar is going to go down because you won’t be able to purchase as much with that dollar as you could have last month or last year. When the purchasing power of a currency starts to decline
Premium Inflation
INFLATION The government control measures‚ all over the world‚ keep business cycles under control. What has gone nearly uncontrolled over the time is the problem of almost continuous increase in the general price level (this is the problem of inflation). The problem of inflation got accentuated since the early 1970s. It emerged as the most intractable economic problem for both theoreticians and policy-makeovers all over the world. Inflation has been a common problem of the developed and the developing
Premium Inflation