Date - 20/June/21
Key Words
Inflation
Statistics
Presentation
Tabulation
Price Rise
Effect of price rise
Use of statistics
Data Analysis
Article reading
Newspaper in use
Assignment
Read the article given below and answer the following questions , you can also have a debate with your friends
Q1 What do understand by the term inflation?
Q2 To what extent do you think petrol prices affects inflation?
Q3 What measures can government take to control inflation?
Anirudh Srivastava 12-H
ReplyDeleteQ1) Inflation refers to rise in price of items of daily use such as food, clothes, houses, etc.
Q2) Petrol prices affect inflation as due to rise or fall in petrol prices leads to drastic change in inflation.
Q3) Government can regulate the flow of money and goods in the market to control inflation.
A1: Inflation is the decline of purchasing power of a given currency over a particular time is called Inflation.
ReplyDeleteA2: Petrol prices will affect the inflation as increase in price of the petrol will lead to increase in production of goods. The price rise would finally pass on to consumer's and that would result in inflation.
A3: The measures that can be taken by the government are:
1) Govt can use wage and price control
2) Govt can release new policies which can help in controlling the inflation.
Written by: Vibhor Chichra
Class: XI- F