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The phenomenon of market basket (by 8davids8)
17.04.2011, 10:04
Talking about the market basket we should at first mention things which are included, for example, here in Russia. There are many things but we enumerate only some of them – milk, bread, oil, meat, fish, milk, clothes, household services, and transportation. It consists of 160 goods, and the biggest basket is in the USA – about 300 items. The thing here is to speculate about which goods are to be included into the market basket, and what is unreasonable in the present basket.
So, I should say that our government who is a compiler and executor of the market basket in the country believes that we need only 100 g of meat and 43 g of fish daily. At the same time the market defines the cost of living directly. So, the minimal needs of Russian people turn into the cost of living which is non-equal across the country. At the same time nowadays we have many other services that can be added to the market basket. For example there is hardly a person who doesn’t use mobile communication. So, it would be quite sensible to include this kind of service. Also, the Internet is a great candidate for inclusion, but so far not everyone uses it, not like bread, for example. But in a decade I think it should be there. The problem is that this is all will lead to the increase in the cost of living, consequently to the increase in minimal wages. It’s not very profitable for the state, so I don’t think that it will happen. Nevertheless it all depends on the economy development.
So, such things as the market basket, cost of living, minimal wages are all interconnected, and their fate depends only on the overall growth of the economy performance and on our state’s effective economic performance.

Link to the audiofile - http://groupa.ucoz.co.uk/faq/13-1 

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