Price Fixation and Inflation

Subject: Social Studies and Population Education

Overview

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Things to remember
  • Manufacturer can be an individual, organization or business.
  • Land, manpower and organization are the resources needed for manufacturing goods. 
  • The price of an object depends upon the nature of market. 
  • The competition among the consumers and demanders gets created as the demand of goods is more than that of supply and the price of goods rises.

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