J
2017
Trend of Consumer Prices of Chosen Commodity and Service in Comparison to the Key Economic Indicators in the Czech Republic
SKUPINOVÁ, Sylva, Jan MÁČE and Eliška SMOTLACHOVÁ
Basic information
Original name
Trend of Consumer Prices of Chosen Commodity and Service in Comparison to the Key Economic Indicators in the Czech Republic
Edition
Czech Hospitality and Tourism Papers, Praha 8, Vysoká škola hotelová v Praze 8, spol. s r. o. 2017, 1801-1535
Other information
Type of outcome
Článek v odborném periodiku
Field of Study
50200 5.2 Economics and Business
Country of publisher
Czech Republic
Confidentiality degree
není předmětem státního či obchodního tajemství
Organization unit
University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
Keywords in English
Price, service, time series, average wage, inflation rate, the Czech Republic
Tags
International impact, Reviewed
V originále
This paper deals with development of prices of chosen commodity and service in the period 1994 – 2014. As the commodity there was chosen a white wine, and a glass of a white wine as the service. There was found a strong linear dependence of both prices, and that is why only price of service was put on the analysis. Subsequently there was analysed a price of service in dependence on a month wage and inflation. Using the time correlation it was found out that the price of service does not depend on the average month wage change nor on the inflation. Thus, the price is determined by mutual relation of the offer to the demand.
Displayed: 22/11/2024 02:36