A general rise in price is usually referred to as inflation; however, in economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices.
The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.
inflation
Inflation
apajedico
Inflation is when..... say a sweet cost 50p one year and the next 1 pound then you have to go borrow the extra 50p to buy the sweet
When prices rise, income buys less.
inflation
inflation.
inflation
When gas prices rise, other products soon follow. This is a sign of inflation, where the general value of money decreases and prices rise.
Inflation
They hoped to see a general rise in prices.
apajedico
It causes the general price of products to slowly rise over time.
vilakkayattam= inflation,... a rise in the general level of prices of goods and services in an economy.vila= pricekayattam= rise
A general rise in price is usually referred to as inflation; however, in Economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.
Inflation is when..... say a sweet cost 50p one year and the next 1 pound then you have to go borrow the extra 50p to buy the sweet
When prices rise, income buys less.