Indian Economy Questions

The term market in economics refers to the place or arrangement where the buyers and sellers come to contact directly or indirectly for buying and selling goods. Market refers to not a specific or particular place it is the place for commodities..

"GDP price index" measures changes in the value of final output produced in the nation.

If expenses are paid in cash then the assets will decrease.

In the rate ofinflation, disinflation is a decrease –in a nation'sgross domestic productover time, a slowdown in the rate of increase of the generalprice levelof goods and services. It is the opposite ofreflation. When the increase in the “consumer price level” it occurs disinflation and slows down from the previous period when the prices were rising.