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Basics of economics

Basics of economics

Assessment

Presentation

Social Studies

10th Grade

Hard

Created by

shijil k

FREE Resource

4 Slides • 1 Question

1

Basics of economics

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2

Multiple Choice

Inflation means

1

general increase in the price level

2

increase in the real wage

3

increase the value of money

4

none of the above

3

Inflation

  • ž inflation is a sustained increase in the general price level of goods and services in an economy over a period of time

    žInflation percentage = P1-P ÷ P

    žReasons

    žCost push, Demand pull

    žDemand Pull Factors

    žRise in population.

    žBlack money.

    žRise in income.

    žExcessive government expenditure.



4

Cost Push Factors


  • žInfrastructure bottlenecks which lead rise in production and distribution costs.

    žRise in Minimum Support Price (MSP).

    žRise in international prices.

    žHoarding and black marketing.

    žRise in indirect taxes.



5

https://youtu.be/2X_gNqoyMK4

  • https://youtu.be/UMAELCrJxt0

Basics of economics

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