PRICE RISE AND CONSUMER AWARENESS. — Social Science STD 10 — Question
Gujarat BoardEnglish MediumSTD 10Social SciencePRICE RISE AND CONSUMER AWARENESS.2 Marks
Question
Black Money is a factor responsible for price rise.
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Answer
Black Money means money unaccounted for in books of accounts.
The people who have black money are ready to buy goods and services at a high price so their demand for goods and services increases the price.
This black money provides money for malpractices like hoarding and betting which in turn creates scarcity of supply of goods and leads to increase in prices, hence black money leads to inflation.
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