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[Editorial] Kazakhstan Crisis

Swetha 10/01/2022

From Current Affairs Notes for UPSC » Editorials & In-depths » This topic

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Greedflation What Refers to Price inflation caused by corporate greed for higher profits Significance Sign of increased market dominance by corporations Disagreements by Critics Corporations cannot set prices arbitrarily Inflation refers to general rise in price levels, not individual goods or services No evidence of deliberate reduction of supply Supply gaps would be quickly filled by other suppliers Inflation in the US explained by expansionary monetary policy of the Federal Reserve Money supply rose by 40% How Significant rise in corporate profit margins since the pandemic Higher profits realized by increasing goods' prices more than necessary to compensate for increased input costs Higher input costs due to supply chain disruptions Facts Proponents' calls for Curbing market power of big corporations Banning price hikes to prevent profiteering

04/07/2023 / Economic Issues - Inflation, Deflation, Slowdown, Recession, Depression

Categories: Central Asia (Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, & Turkmenistan), Economic Issues - Inflation, Deflation, Slowdown, Recession, Depression

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