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Write short note on inflation

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Write short note on inflation

Posted by Prakhar Agarwal 4 years, 3 months ago

CBSE > Class 12 > Economics

1 answers

Musicophile ❤️? 4 years, 1 month ago

Inflation is a situation when money supply in the economy rises. Now since people have more money, their demands also rise...but the production of goods happens within a limit. Consequently, demand>supply and the prices of goods rise. Inflation is thus the rise in general price level or simply, price hike.

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