Economic Analysis of Market for Onion in India
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Added on 2020-06-04
Economic Analysis of Market for Onion in India
Added on 2020-06-04
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Economic AnalysisContents
INTRODUCTION...........................................................................................................................1OBJECTIVES..................................................................................................................................11. In normal circumstances:....................................................................................................12. In exceptional circumstances and absence of any government protection measures:........33. Various government mechanisms which affects the price and quantity:...........................4TASK 2............................................................................................................................................5Market structure of China and demand and supply and pricing:............................................5Expanding consumer health consciousness boosts demands for the healthy foods:..............5TASK 3............................................................................................................................................8A. Economic measures and policies to address price and supply of onions in short term.....8B. Concrete economic measures and policies to address price and supply of onions in shortterm.........................................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11
INTRODUCTIONOnion is the sensitive products which forms ripples in the trade and also political circles. Asthis place a great position in the Indian market. As, each household contains diverse recipe whichultimately connected to the onion. Henceforth, varying in the onion prices ultimately affects theentire economy and that is the main reason, government needs to interfere for the politicians,policy makers and the experts. In India is the emerging country and its 1/3rd population is at thebelow poverty line (Hoppe, 2013). Hence, volatility in the primary products affects the economyin a great extent. Although, this can be said that the onion prices affect the Indian householdbadly which makes Indian economy slower. In December, 2010, the price of the onion fluctuatesvastly. OBJECTIVESWhich ultimately push economy down and higher the inflation. As, this can be said foodinflation does not always be attributed to the risks, exogenous shocks and mismatch between thedemand and supply. This is highly caused by the market misbalance, lower supply chain in themarket, and monopolies in the market. The spurt in the food inflation in the previous monthsmakes some critical issues of the price volatility in the agricultural market structures and marketefficiency.TASK 1Economic Analysis of the market for onion in India:1. In normal circumstances:Indian market is one of the most attractive emerging markets which comes after China.As, there are more than 1.2 billion people resides and almost 1/3rd are those who does not havethe power to buy second time meal in a day. Although, this can be said that the government playsa great role for making the business objectives essential and efficient. Which ultimately assist theresident people for making the economy prosperous and sustain (Hoppe, 2013). The emission inthe food inflation in the current months incorporates few critical problems about the changes inthe prices of the agricultural products and the market. Although, enhanced concentrates on theseproblems on these issues is mostly evident in the current working papers of the Indiangovernment. Although, this rightly quoted that the government needs to make certainmethodologies which ultimately assist the firm for making the assumption for satiating the1
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