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By Alex Paterson and Brandon Ashburner.. INFLATION.
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L osse O LZ ao egz• 69. What is inflation?. Inflation refers to the increase in prices over a period of time due to people buying too much of a good , rising wages or devaluation. The aim of inflation is to get people to stop buying so much so the prices of a good don't increase and don't run out ..
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What are the causes of inflation?. COST-PUSH INFLATION.
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How does it affect the economy?. . A low inflation rate can contribute to economic growth as it puts more money into the economy but a very high inflation rate can cause an economic decline as people will either spend less, or import goods as it may be cheaper therefore causing the economy to lose money..
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How does the government try to manage it?. ioo. The government can use wage and price controls to try and fight inflation, but thus can cause job losses. Another option is a recession causing the money flowing in the economy to decrease..
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How does it affect the prices if your goods and your sales?.
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What is our opinion of inflation.. Inflation can be seen as a liability for the economy and a negative for the growth of the economy. It may cause money to be lost or it can cause busninesses to go bankrupt as the prices for their stock are too expensive and therefore lose customers and have to sell their goods for less than they bought it..
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Inflation in various countries.. Inflation Rates and Estimated Inflation Rates of various countryies 24 22 20 18 16 14 to 8 6 4 2 2010 12 South Chiu India: 2016 Year 2012 4.4 4.8 NOeria 2014 2.8 17.4 2018 Eg•ygn 2.4 6.2 22 1.3 2 south.