Tuesday 16 April 2013

What is Inflation?

  • Inflation is as an increase in the price of bunch of Goods and services that projects
    the country's economy. 
  • An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. 
  • Inflation happens when there are fewer Goods and more buyers; this will result in increase in the
    price of Goods, since there is more demand and less supply of the goods.

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