0
It is known as inflation. The basic concept is this: the value of money works in a spiral. When workers begin to earn more money, people and buisnesses begin to charge more for products, so the cost of living goes up, therefore the nominal value of money is worth less and workers must earn more money, usually resulting in demanding that employers pay them more. With more money in the system, people buisness begin to charge more for products, and the cycle continues.
What else can I help you with?
What is the past tense to cost?
The past tense of "cost" is "cost." It is an irregular verb, meaning that its form does not change when used in the past tense. For example, you would say, "The item cost $50 last year."
What happens to average variable cost if the marginal cost is less than it?
If the marginal cost is less than the average variable cost, the average variable cost will decrease.
Why is the opportunity cost of decision always less than the cost of the chosen good or service?
Why is the opportunity cost of a decision always less than the cost of the chosen good or service?
Is a business making a profit when the revenue is less than its cost?
NO, if reveneu is less then cost then company is in loss as following forumula: Net profit (loss) = Revenue - Cost
When marginal cost is less than the average total cost the average total cost is falling why?
as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.
How was gold used in the past?
its used the same way as now but it cost less in past 1900.its used the same way as now but it cost less in past 1900.
What did things cost in?
Less.
What is the Simple Past Tense of cost?
Cost is one of a few verbs which have the same word for the verb, the past form and the past participle. verb = cost past = cost past participle = cost The books cost a lot of money. Last week the books cost less than this week. past simple sentence
What did things cost in 1903?
Less.
What things cost in 2008?
less that 2009
What is the past and past participle of COST?
Past participal and past simple of cost is cost. I has cost us £3000 to send you to that school. Or. I cost him $20.
What is the past tense of cost?
It is "cost" (same form as present tense).
Why the demand and cost of tennis shoes have change?
because it was back in the day and things cost less then than now
What is the past participle cost?
As the present is 'I cost' the simple past is also 'I cost'. The past perfect continuous is 'I had been costing' - the past continuous is 'I was costing' - the past perfect is 'I had cost'
What is the past tense of cost and play?
The past tense of cost is cost; the past tense of play is played.
Do things cost less on monday than the other day of the week?
Not here, they don't!
What is the past participale of cost?
The simple past and past participle are both also 'cost'.
