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Inflation Project

Inflation Project

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Published by ZeeRocks

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Categories:Business/Law
Published by: ZeeRocks on Dec 17, 2009
Copyright:Attribution Non-commercial

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04/23/2014

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Inflation
 
Inflation Concept
Inflation is a situation where generalprice increases consistently and value of money goes on to fall.When price level increases people’spurchasing power decreases. Because of this the firms have to make morepayments to the owners of resources inthe form of wages, rent and interest.Because of this money circulationincreases, As a result prices keeps onincreasing and value of money decreases.
 
Definition
 
According to Prof Ackly Garden“Inflation is a persistent and appreciable rise ingeneral level of average prices.”
Explanation
 
Thus from above mention definitions it isconcluded that inflation is a phenomenon whereby general price level rises consistently. If pricelevel suddenly jumps, this does not representinflation, rather inflation is a process of continuous rise in prices.

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