Indian Economy Questions

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.

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

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..

Most electric, gas, and water companies are examples of natural monopolies. Utilities like water, electricity and gas are essential services that play a vital role in economic and social development.

• The Department of Economic Affairs, Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.

• It is prepared under the guidance of the Chief Economic Adviser, Finance Ministry.

• It is the ministry's view on the annual economic development of the country.

An increase in demand means that the demand curve shifts to the right, and hence quantity demanded will be high at each price.