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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Jitesh Chandra Saha
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DOI:10.17265/2328-2185/2017.04.004
Affiliation(s)
Govt. Degree College, Kamalpur, Dhalai, Tripura, India
ABSTRACT
Different pattern of trend in
WPI and CPI numbers over years is found to be depicted periodically for Indian economy.
This has implication for casting impact on supply price determination while purchasing
power of consumers can be chalked about from trend in their per capita income which
also demonstrates variation over years. Movement of these indices may focus on ongoing
changes taking place in exchange activities as well as may point towards price determination
mechanism operating in economic system. An effort has been made in preparing framework
of this paper to analyse and explore various contemporary socio-economic changes
ushered in by movement of WPI and CPI indices over years and its impact fell on
nature of transaction, places of transaction and network of transaction.
KEYWORDS
price indices, price determination, agglomeration, economic transaction
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