Download App

Inflation — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsInflation1 Mark
Question
Mention two which cause cost push inflation.
✓

Answer

Two factors causing cost push Inflation
(i) Cost push inflation may be caused due to an increase in wage cost.
(ii) Increase in price of basic raw-materials causes cost push inflation.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[1 Mark Question Answer]" from Inflation→Inflation — all question types→Economics STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

What is meant by the term 'price taker? Under which market form firm is price taker?
→
What is meant by consumer education?
→
Define simple division of labour.
→
Define a commercial bank.###What do you understand by commercial banks?
→
When will the demand curve be parallel to x-axis?
→
State two important functions of capital.
→
What is meant by consumer's awareness?
→
Ram an employee and Shyam an elderly citizen were travelling by train from Delhi to Chennai separately. However, the cost of their tickets is different. Give reasons for the railways charging different prices to different customers.
→
Define fiscal policy.
→
Define complementary goods. Give two examples.
→