By Naveen Athrappully Food inflation is expected to continue this year, with the prices of eggs, sugar, and beef rising by more than 3 percent. In 2023, food prices rose by 5.8 percent. This year, food price inflation is predicted to be 2.2 percent, according to an April 25 Food Price Outlook report by the […]
Tag: Markets (economy)
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom.