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Energy crises

Increase in population

Decrease in supply

Marketing and new technology

Customs and traditions

Backward mean of production

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A phenomenon in which the general price

levels rise (inflation) due to increases in

the cost of wages and raw materials.

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Monopoly

Natural disasters› Shortage of resources

Component costs › increase in the prices of raw material (natural

resources).

Rising labor costs › creating labor shortages

Higher indirect taxes imposed by the government › a rise in the duty on alcohol, cigarettes and

petrol/diesel.

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A fall in the exchange rate

› this can cause cost push inflation because it normally leads to an increase in the prices of

imported products.

Loose Govt. control

Surplus Employment.

Imports

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Amna Abdul