2007-02-23 20:16:25 · 17 answers · asked by Aish 2 in Arts & Humanities ➔ Philosophy
Aish: the market will bear the price that the public is willing to pay for. The market will also force the price on the publics need for a product.
As long as the price is being met without any great resistance then the stability of the products price will fluctuate accordingly.
Aside from the answer given Aish; you really have to work on your grammar! Honest, it is very difficult to read your questions.
2007-02-23 21:27:25 · answer #1 · answered by the old dog 7 · 0⤊ 0⤋
The inflation monster has gripped every Indian so hard that there seems no way out. One of the reasons of the price rise is the hike in the prices of our food items and edible oils. One of the solutions to keep prices stable is to increase productivity or import from other countries but unfortunately that doesn't seem to b feasible here for the global prices of wheat are still higher than the Indian prices and overnight miracle in the agricultural sector seems highly unlikely. So wait and watch and hope against hope that inflation may come down.
2007-02-25 06:02:53 · answer #2 · answered by kavita b 1 · 0⤊ 0⤋
This sounds like a question for economists.
1. Supply and Demand
2. Inflation and Money Supply
In supply and demand situation there is more demand than supply of goods raising prices. In the second situation there is excess liquidity in the market and an increasing amount of money entering the money supply are chasing the same basket of goods. This situation is likely in new economies experiencing torrid growth like India and China.
2007-02-24 12:40:17 · answer #3 · answered by Kaliyug Ka Plato 3 · 0⤊ 0⤋
There is always an increase in price when the demand for a product goes up and vice versa - simple reasoning
2007-02-24 07:16:24 · answer #4 · answered by greatempress 3 · 0⤊ 1⤋
This is absolutely pure economics. When the demand rise and supply is low then the prices go up. And due to increase in population demand increases and supply is constant, so prices increased.
2007-02-24 05:46:51 · answer #5 · answered by vivekpatwal 1 · 0⤊ 0⤋
Its part of the study of economics. There are many factors that influence it:
The cost of the various components that are used in producing or manufacturing the product.
Demand and supply - how many producers, how many consumers, volume of production ( can be controlled to drive the price up by production as well as distribution control - e.g. oil and many other similar commodities )
Rate of inflation
Individual purchasing power ( salaries, disposable income)
Government controls or free market
International factors ( depending upon product origin, source or some of its componets )
Prevailing material and labour costs
Direct and indirect cost effects ( including sales, marketing, advertising, distribution, transporation costs )
Production cost effects
2007-02-25 01:29:44 · answer #6 · answered by Anonymous · 0⤊ 1⤋
1.only, 'we are'' the common people are' responsible for the day by day increasing prices.everybody wants their works to be done priority and for this they do ellegal things and by this the costing are going high and the prices too.
2.erregular tax scaduls are also responsible .
2007-02-24 05:45:01 · answer #7 · answered by putchu 1 · 0⤊ 0⤋
It is the economic conidtion. If the demand is more and supply less then the price is more and vice-versa.
2007-02-26 04:29:54 · answer #8 · answered by jan 2 · 0⤊ 0⤋
Shortage of the products, due to deviation of weather
2007-02-24 04:24:13 · answer #9 · answered by Expression 5 · 0⤊ 0⤋
Because supply and demand are constantly shifting.
I do not understand your second question.
2007-02-24 07:15:59 · answer #10 · answered by Phil Knight 3 · 0⤊ 0⤋