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by Shiffan Umer
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My name is Huzaifa Umer .Today I would like to talk to you about a topic that
affects all of us-INFLATION.Inflation is a rise in the prices of goods in the
economy of a country over a period that reduces the purchasing power of its
citizens.
the supply of goods remains the same, the prices will rise.
For example, if everyone wants a certain toy but there are only a few of them,
the price of that toy will go up.
◾ Another reason is an increase in the production cost, when it costs more to
produce something, the companies increase the prices to maintain their profit
margins.
◾ Similarly if a country’s currency decreases in comparison to other currencies,
want. This can help to keep the price of things from growing too much.
◾ Another thing is that the government can try to make it cheaper to make
things. This can help to keep the price of things from growing up too much as
well.
◾ Government can implement supply-side policies such as reducing production
costs and increasing the supply of goods and reducing inflation. In conclusion,
inflation is a complex economic phenomenon that affects all of us. It is caused
by several factors and can be controlled by using various policy tools. We can
all work together to keep the cost of things from going up too much.