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explain the causes of recent rise …

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explain the causes of recent rise in prices in India

    • Posted by Anjali Verma 3 years, 1 month ago

    CBSE > Class 12 > Economics
    • 2 answers

    Sia ? 3 years, 1 month ago

    There can be many reasons behind rise of price in India. Like:

    1. Sometimes the prices of raw material increases according the price of consumer good also increase due to the rise of cost of production.
    2. Increase in demand also leads to rise in prices.
    3. Hoarding by producers is also responsible for rise in prices.
    4. Imposition of direct taxes is also responsible of rise in prices.

    2Thank You

    Lhakpa Choden 3 years ago

    One of the main reason is that due to COVID 19, supply spiralled down, thus demand pull.

    0Thank You

    ANSWER
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