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What is it called when the prices of goods go up faster than the value of money?
Wiki User
∙ 14y ago
inflation
Wiki User
∙ 14y ago
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The function of money that enables prices of goods and services to be quoted is called?
Unit of Account
What is it called when you have money to buy goods or services?
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
How much prices of goods and services are rising?
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
What is money called when it is accepted for goods and services?
A medium of exchange
What is the term for an increase in money or a decrease in goods?
When the amount of money increases at a faster rate than the production of goods, the result is inflation, an increase in prices as "more money pursues the same goods".
The function of money that enables prices of goods and services to be quoted is called?
Unit of Account
Why did chain stores sell goods at lower prices?
Chain stores are able to purchase goods in large volumes for reduced prices from manufacturers, and can then sell the goods to consumers for less money.
How is it called when you exchange goods - will pay for goods with other goods not with money?
Bartering
What is it called when you have money to buy goods or services?
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
Direct exchange of goods against goods is called?
money
What happens when there is an increase in prices for goods and services combined with a reduction in the value of money?
When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.
What political reforms did the People's Party called for?
An increase in the money supply, which would produce a rise in prices received for goods and servises and a federal loan programORPopulism
What is money for the poor called?
Money or goods given as charity to the poor is called alms.
What happened to the prices of goods during the Japanese Occupation?
It increased as there were shortage of food and not enough money.
How much prices of goods and services are rising?
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
What part did the consumer goods play in causing the great depression?
Speculation on consumer goods helped to drive the Great Depression. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand
